The Federal Government has announced the launch of N200 billion Presidential Intervention Fund to aid the growth of Micro, Small, and Medium Enterprises (MSMEs) and manufacturers.
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this announcement on Monday in Abuja.
She said that following the ongoing disbursements targeted at supporting one million nano businesses across the country, the government has decided to include both MSMEs and manufacturers into the initiative.
According to Uzoka-Anite, N75 billion will be distributed to MSMEs while another N75 billion will be distributed to the manufacturing industry under the Presidential Intervention Fund.