FG Launches N10 Billion Credit Scheme for Women Entrepreneurs in Nigeria
The Nigerian government, through a partnership between BOI and NCGC, has introduced a new credit program called "Glow" to provide N10 billion in guaranteed loans to women entrepreneurs. The initiative aims to enhance women's access to affordable financing in key sectors like manufacturing, ICT, education, healthcare, and renewable energy.
The scheme offers loans at a concessional interest rate of seven percent with flexible collateral conditions. The program is expected to support thousands of women entrepreneurs seeking capital to expand operations and create jobs nationwide.
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