FG okays $20m Tech fund for young entrepreneurs

The sum of $20million has been approved as technology fund for young entrepreneurs.

According to Senior Special Assistant to the President on Media and Publicity, Laolu Akande, the sum was set aside by Bank of Industry for investment to support Micro, Small and Medium Enterprises.

He added that this was the outcome of a meeting at the presidential villa in Abuja, which was presided over by Vice President Yemi Osinbajo to review progress on the Buhari administration’s efforts to support MSMEs.

On the other hand, the Central Bank of Nigeria is also offering a N90 Billion soft loan facility for small scale agriculture enterprises.

He revealed that the National MSMEs clinics driven by the Vice President has now reached 26 States, with more clinics to come in the series.