Friday, June 18Inside Business Africa
Shadow

Tag: Bank of Industry (BOI)

FG strategises, unveils stimulus package for real sector operators

FG strategises, unveils stimulus package for real sector operators

Economy
The Federal Government has assured a coalition of private-sector operators of a N65 billion-stimulus package that would assist them as they face the long-term effect of the COVID-19 pandemic. The Ministry of Industry, Trade and Investment, which has been charged with this task, noted that some of these interventions include a N50 billion survival funds for Micro Small and Medium Enterprises (MSMEs) and a N15 billion guaranteed uptake scheme to save 500,000 jobs, 40 per cent of which will be reserved for women-owned businesses. The Minister of Industry, Trade, and Investment, Adeniyi Adebayo, told the Organised Private Sector (OPSN) at a virtual meeting recently that government was ready to assist them because of the role they play in the economy. Meanwhile, the Bank of Industry (B...