N220bn MSME Fund: CBN disburses N76.9bn to entrepreneurs in 5 yrs Motolani Oseni The Central Bank of Nigeria (CBN) has disclosed that it has disbursed N76.9 billion to Micro, Small and Medium Enterprises Development Funds (MSMEs) from inception in 2013 to 2017. The breakdown extracted from CBN 2017 annual report showed that N53.1 billion (69.01 per cent)
was disbursed through state governments, N12.6 billion (16.38 per cent) through commercial banks and N10.2 billion (13.24 per cent) through microfinance banks. Others were NGO-MFIs, N0.5 billion (0.65 per cent), cooperatives, N0.4 billion (0.55 per cent); and development finance institutions (DFIs), N10.0 million (0.01 per cent); and Grants, N0.1 billion (0.17 Continued on page 3
FRIDAY, AUGUST 17, 2018
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