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SMEs in Nigeria: Where To Get Funds/ Cheap Business Loans

admin | Abbey Oyetunji
By admin | Abbey Oyetunji
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where to get funds for small business

SIF

The Special Intervention Fund (SIF) for MSMEs is a N5 billion fund set aside by the Federal Government to provide subsidized loans to MSMEs at single digit (9 percent per annum) all inclusive interest rate. The fund is also to cater for applications received from Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) under the National Enterprise Development Programme (NEDEP) scheme. It is to be utilized specifically for SMEs engaged in manufacturing and agro-processing businesses with emphasis on value addition to local raw materials.
The fund, managed by BoI, can be assessed by duly registered limited liability companies, enterprises and cooperatives in Nigeria.

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admin | Abbey Oyetunji
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Abbey Oyetunji is a Business Growth Strategist. An IT Mogul & Web Developer. Reach via mail: [email protected]
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