NCDMB Offers N76 Billion Intervention Funds To Support Local Companies

ADVERTISE HERE

ADVERTISE HERE

As part of efforts to grow the economy and support local companies, the Nigerian Content Development and Monitoring Board (NCDMB) has made available $200 million (about N76 billion) as intervention fund through loans.

by SaharaReporters, New YorkAug 24, 2018

As part of efforts to grow the economy and support local companies, the Nigerian Content Development and Monitoring Board (NCDMB) has said it has made available $200 million (about N76 billion) as intervention fund through loans.

Simbi Wabote, NCDMB Executive Secretary, stated this in Yenagoa, the Bayelsa State capital, on Friday, at a capacity building workshop for Energy and Business Correspondents, entitled: ‘NCDMB and the Nigerian Content Intervention Fund’.
Represented by Isaac Iyalah, the Director, Finance and Personnel Management, the Executive Secretary revealed that, so far, about 45 applications had been received.

While 11 applications have been approved, he noted that $11 million had also been released to the qualified beneficiaries.

Source:- Saharareporters


Thank you for visiting us, We hope and long to see more of your visit again… Hope you enjoyed your views?

ADVERTISE HERE

CLICK HERE TO COMMENT ON THIS POST

Do you find Naijafinix Blog Useful??

Click Here for Feedback and 5-Star Rating!



Be the first to comment

Share your thoughts

Your email address will not be published.