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    Police nab five currency hawkers in Ogun
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    Police nab five currency hawkers in Ogun

    The committee is chaired by the Jigawa State Governor, Badaru Abubakar
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    The committee is chaired by the Jigawa State Governor, Badaru Abubakar

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  • World

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    Netanyahu warns over Iran after Syria strikes
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    Netanyahu warns over Iran after Syria strikes

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    Thousands march in Barcelona to protest jailing of separatist leaders
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    Thousands march in Barcelona to protest jailing of separatist leaders

    The situation around Syria escalated in recent months as several media outlets, citing Syrian militants, accused Damascus of using chemical weapons in Duma.
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  • Business

    Business

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    BudgIT alleges lack of transparency, accountability for N1.4tr subsidy

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    Med-View Airline spends N22bn on aviation fuel in 5 years says Chief Executive Officer

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    Globacom, Chief Marketing Officer Hit With $6.7m Fraud Charge

  • Technology

    Technology

    Firm unveils USSD code for mobile credit status’ check
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    9mobile does not condone unethical practices, indolence, says Olusanya
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    9mobile does not condone unethical practices, indolence, says Olusanya

  • Sport

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    Nigeria’s Aruna Quadri settles for silver on final day of Commonwealth Games
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    Nigeria’s Aruna Quadri settles for silver on final day of Commonwealth Games

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    De Bruyne eyes golden era for champs City
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    Manchester City confirmed champions as rivals, United lose at Old Trafford
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  • Video

    Video

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Business

http://www.nigerian24news.com/business/bankers-committee-disburses-of-n26-billion-agsmeis-funds/33358-news
Bankers Committee disburses of N26 billion AGSMEIS funds
  • 4/13/2018 5:56:00 AM
  • 19

Bankers Committee disburses of N26 billion AGSMEIS funds

Godwin Emefiele

No fewer than 300 farmers and micro, small and medium enterprises entrepreneurs would benefit from the Bankers Committee’s N26 billion Agribusiness, Small and Medium Enterprises Investment Scheme (AGSMEIS) fund.

The fund was pooled from five per cent of profit after tax (PAT) contribution of all deposit money banks in the country to support agriculture and the real sector in the country.

At the launch of the fund’s disbursement yesterday by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele in Abuja at the end of the Bankers’ Committee Meeting, a total of N115 million was disbursed to the first beneficiaries.

The fund is to assist the beneficiaries acquire tools required for start up operations such as tractors and other machineries for the different vocational skills.

Emefiele said at the 2016 Bankers’ Committee Retreat that the concerns of bank chiefs about the risks of unemployment, gave rise to the design and fund for a suitable scheme that would reduce the huge financing gap for Micro Small and Medium Enterprises (MSMEs).

He said it would also enhance jobs creation, financial inclusion and inclusive growth for Nigerians, particularly the youths.

  • Bankers Committee disburses of N26 billion AGSMEIS funds
  • Bankers Committee disburses of N26 billion AGSMEIS funds
  • Bankers Committee disburses of N26 billion AGSMEIS funds

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