//
you're reading...
Issues In The News

President Jonathan Launches Development Bank Of Nigeria

President Goodluck Jonathan has launched the Development Bank of Nigeria designed to provide loans to support Medium and Small Scale Enterprises in the country.

The Bank is expected to disburse over 200,000 new loans to micro, small and medium enterprises that would create over one million jobs in the first five years of its operation.

The President used the occasion to present “Jonathan’s next four years-my vision for Nigeria that works for all”.

President Jonathan also called on beneficiaries of the YouWin programme to key into the development band to access more funding to expand their businesses.

He described the launch as a defining moment in his efforts to cater for the needs of Nigerians in the area of job creation and funding to run such businesses.

President Jonathan said that he is happy that the bank would revolutionise the small business sector in the country.

The Coordinating Minister for the Economy, Dr Ngozi Okonjo Iweala said “this signals the end of high cost of finance which has been a major deterrent to the growth of Small and Medium Scale Enterprise”.

While her counterpart in the Trade and Investment Ministry, Mr Olusegun Aganga, described the launch as a realization of the President’s dream for the Nigerian people to see a positive change from the administration.

http://www.channelstv.com/2015/03/23/president-jonathan-launches-development-bank-of-nigeria/

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

TransformationWatch on Twitter

%d bloggers like this: