The Director General of Small and Medium Enterprises Development Agency of Nigeria, Charles Odii, on Wednesday, said poor information dissemination of government intervention programme remains a barrier to small enterprises gaining access to funds.
Odii announced that the agency has secured a N5 billion loan portfolio with the target to assist over 10,000 Small and Medium Enterprises in Nigeria.
He stated that the strategic partnership will help SMEs access loans ranging from N250,000 to N2.5 million at a single interest rate adding that SMEDAN will begin to receive applications in two weeks.
