The
Board of Executive Directors of the World Bank has approved 500-million- dollar
credit for Medium and Small Scale Enterprises in Nigeria, to increase their
access to finance, a statement issued by
Bamidele Oladokun said on Friday.
In
the statement, Oladokun, the bank’s Communication Specialist, said that the
fund was from the International Bank for Reconstruction and Development (IBRD)
to support SME projects.
“The
project is in support of the government’s efforts to promote the growth and job
creation potential of the private sector through improved access to financing.
