The Jigawa State Government has raised concerns over the slow disbursement of funds to Small and Medium Enterprises (SMEs) under its N6 billion partnership with the Bank of Industry (BoI).Commissioner for Information, Youth, Sports, and Culture, Sagir A… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Jigawa govt urges BoI to fast-track N6bn SME loan disbursement By Busola Bamidele on March 6, 2025 The Jigawa State Government has raised concerns over the slow disbursement of funds to Small and Medium Enterprises (SMEs) under its N6 billion partnership with the Bank of Industry (BoI). Commissioner for Information, Youth, Sports, and Culture, Sagir Ahmad, disclosed this while briefing journalists on the outcomes of the State Executive Council meeting. He stated that despite the government's N2 billion contribution, matched by BoI with another N2 billion, and an additional N2 billion under a managed fund arrangement, the disbursement process remains sluggish. Read also: Jigawa govt urges BoI to fast-track N6bn SME loan disbursement Nigeria sets new nutrient standards for maize, fortified crops to boost food quality Niger Foods, NALDA, youth ministry to engage 100,000 youth in agriculture FG moves to cut transport costs, boost trade, investment LCCI president backs Nigeria's shift to production-based economy To address the issue, the state has directed BoI to speed up loan approvals and ensure timely disbursement to beneficiaries. A state committee overseeing the partnership will also engage BoI officials for further discussions. In addition, the council approved N347.6 million for constituency projects in the education sector, covering the construction and renovation of classrooms, supply of books, and provision of school uniforms across 20 local government areas.

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