highbury10 battabox don collect small money……Lol

highbury10 you act as if they were hiding the fact that it’s a sponsored video. They have to get out the word somehow, but if you have different experiences why don’t you put up your own video…

Victoria Adeyemi don’t know how you got “90%” because many of the loans that I have seen have been to businesses such as cloth makers, bag makers, caterers, bakers, solar charger manufacturer, shea butter producers, fruit juice makers, local coffee producers and shops, artisans, small-scale agriculture (poultry, fish farming, piggery, etc.), and several other businesses entirely dependent on local materials and production. In addition, approximately 16% of the loans are reportedly dedicated to tech startups.

Perhaps it bears pointing out that the primary goal of the LSETF is to generate EMPLOYMENT (direct and indirect) across several value chains. With a loan limit of N5 million (approximately US$ 14,000) for small-scale enterprises, which is hardly enough to finance equipment for industrial manufacturing, it can only realistically finance the sorts of small-scale producers listed above. Nonetheless, the Bank of Industry exists to finance larger-scale manufacturing (presumably with low interest loans). Kudos to Lagos.

epebinu the gov can use their sense to target manufacturers if they are not applying.

This. Nigeria must develop domestic industrial capacity.