NLNG, BoI unveil micro-credit scheme to boost local economy

NLNG, BoI unveil micro-credit scheme to boost local economy

The NLNG has launched an expanded Micro, Small, and Medium Enterprises Scheme aimed at providing financial support and building the capacity of local vendors and businesses within its host communities and gas transmission system areas. The NLNG said the initiative, which is in partnership with the Bank of Industry, will alleviate poverty, stimulate economic growth,

This launch seeks to boost local economy, providing self-employment opportunities and generating additional revenue for those who wish to join the platform as driving partners.

BoI, NLNG Launch Single Digit Interest Micro-Credit Scheme for MSMEs

By Adedapo Adesanya The Nigeria LNG Limited and the Bank of Industry (BoI) have launched a Micro, Small and Medium Enterprises (MSMEs) finance scheme with a model that slashes loan interest rates to 9 per cent. The initiative was piloted in Rivers State to stimulate grassroots economic growth and offer a lifeline for entrepreneurs navigating […]

NLNG Reintroduces N1b MSME Scheme For Host Communities — City Business News

Advertisements NLNG has officially reintroduced its MSME scheme in partnership with the Bank of Industry, Nigeria (BOI), “setting the stage for meaningful economic transformation in our host communities and Gas Transmission areas”.The ₦1billion fund offers access to affordable loans at a 9% interest rate, and the fully digital application process ensures ease and transparency for beneficiaries.According to NLNG, this initiative is tailored to su…