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FG APPROVES $20M TECH FUND FOR YOUNG INNOVATORS

In furtherance of the Buhari administration’s drive to support Micro, Small and Medium Enterprises (MSMEs), Bank of Industry BOI has approved a $20m technology fund for young innovators, while the Central Bank of Nigeria is offering a N90 Billion soft loan facility for small scale agriculture enterprises, IgbereTV reports.

These were some of the outcomes of a meeting at the Presidential Villa, Abuja, which was presided over by Vice President Yemi Osinbajo on Tuesday, to review progress on the Muhammadu Buhari administration’s efforts to support MSMEs.

It will be recalled that the National MSMEs clinics driven by the Vice President has now reached 26 States, with more Clinics to come in the series.

Also, the National Agency for Food and Drug Administration and Control NAFDAC is now poised more than ever to register more Nigerians venturing into the food and drug businesses.

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