SMEDAN Begins Disbursement of N5bn Loans to SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has commenced the disbursement of a N5 billion loan facility to small and medium-sized enterprises (SMEs) at a single-digit interest rate, secured from Sterling Bank. Charles Odii, SMEDAN’s director-general, highlighted that while the loan disbursements are ongoing, some SMEs face challenges in meeting Sterling Bank’s … Read more