BOI, IFC sign $50 million loan to expand finance for Nigeria’s MSMEs
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The BOI and IFC signed a loan agreement worth 50 million dollars. This funding is intended to expand finance for small and medium enterprises in Nigeria. The loan has a tenor of seven years. It will strengthen the funding base of the BOI. These resources will allow for longer-term financing for productive businesses. Targeted sectors include agriculture, manufacturing, and renewable energy.
The seven-year tenor of the loan will strengthen BOI’s funding base and allow it to extend longer-term finance to productive businesses in manufacturing, agriculture, and renewable energy. The post BOI, IFC sign $50 million loan to expand finance for Nigeria’s MSMEs appeared first on Premium Times Nigeria .
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