Oyo state governor, Seyi Makinde has flagged off the state post covid-19 economic recovery plan, in form of funds into Small and Medium Enterprises (MSME) today.
Makinde revealed this on his twitter handle, saying the 1 billion naira fund will provide loan facilities of up to 3 million naira per MSME.
The original tweet.
"This morning, we flagged off our administration’s N1 billion Micro, Small and Medium Enterprises (MSME) Development Fund. This injection of funds into Small and Medium scale enterprises is part of our Post-COVID-19 Economic Recovery Plan."
"We're executing this through the Oyo State Investment and Public-Private Partnership Agency to reach MSMEs across the 33 LGAs. This fund will provide loan facilities of up to N3 Million per MSME. It will be disbursed through Microfinance Banks at a single-digit interest rate.Ernest very soon."
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