AFDB Approves Financing for Nigerian SMEs

Tuesday, May 31, 2011

The African Development Bank has approved a total of $700 million worth of loan programs to support small and medium-sized enterprises in Nigeria.

Of the sum, $500 million will be channeled through Nigeria’s Bank of Industry and will be available for domestic-oriented SMEs in the African country.

Source: Devex News (link opens in a new window)