SME operators lament inability to access FG’s N220bn bailout fund

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President Goodluck Jonathan of Nigeria
Some small and medium entrepreneurs in Lagos on Tuesday expressed concern over their inability to access the Federal Government’s N220 billion bailout loans for Micro, Small and Medium Enterprises Development Fund (MSMEDF).
They told NAN in separate interviews that the process of accessing the loans to expand their businesses was cumbersome and impossible.
Mr Segun Kuti-George, Chairman, Nigerian Association of Small Scale Industrialists (NASSI), Lagos Chapter, said that none of his members had been able to access the government loans.
He said that the association has taken deliberate efforts to assist its members in writing presentable proposals submitted to …Read More

Source:: PM Newspaper