The Federal Government ( FG ) has announced plans to inject the sum of 2.3 trillion naira into the Nigerian economy to revive the small and medium scale enterprises that are badly affected by covid-19 pandemic.
This announcement was made by the vice president of the Federal Republic of Nigeria His Excellency Professor Yemi Osinbajo on Thursday late evening.
Prof Yemi osibanjo who is Nigeria’s vice president also doubles as the head of the economic team of President Muhammadu Buhari’s administration.
Amidst the global pandemic and to ameliorate the harsh effect of the the global crisis, the Federal Government will be injecting the sum of 2.3 trillion naira for the revival of Nigeria’s economy.
As part of necessary condition to qualify for this loan, you must have a registered business in Nigeria with a minimum of 10 staffs.
You’ll also have to submit the payroll of your company with the salary and details of all your staffs.
With that huge sum, SMEs in Nigeria is certainly on the right track to recover from covid-19 pandemic.
Vice President Professor Yemi Osinbajo says, “It is the intention of President muhammadu buhari to see that the economy does not crash as a result of the Corona virus pandemic and as Government, we are doing everything possible to make Economy bounce back”.