Banks to invest N30 billion in new Agriculture/SME fund.

    Banks in Nigeria will contribute about N30 billion of their profit after tax in a newly created Agriculture and Small and Medium Enterprises fund, designed to support the funding of Small and Medium Enterprises and primary agriculture.

    These were part of a series of measures taken 8th annual Bankers Committee retreat to facilitate the recovery of the economy from negative growth.
   Governor, Central Bank of Nigeria, Godwin Emefiele disclosed this at the end of the 8th annual Bankers Committee retreat held in Lagos over the weekend.

   Speaking on the Bankers Committee plan for 2017, Emefiele assured that the Bankers Committee will support government efforts to develop adequate infrastructure to stimulate productive Small and Medium Enterprises, as well as increase access and cost of funding the agriculture and manufacturing enterprises.