FG disburses N75bn to 104 manufacturers, N65.8bn to MSMEs

By Yinka Kolawole
The Federal Government has fully disbursed the N75 billion Manufacturing Sector Fund to 104 manufacturing businesses, while N65.8 billion has been disbursed to 15,018 micro, small and medium enterprises (MSMEs) to boost domestic production, expand businesses and create jobs.
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this in an address on “Harnessing Nigeria’s Economic Potential for Greater Prosperity”.
Oduwole said the interventions were part of the Federal Government’s efforts to strengthen local industries, improve productive capacity and drive sustainable economic growth.
The disbursements were made under the Federal Government’s...