By Francis Ogwo
The sum of 10 billion naira has been disbursed by the Central Bank of Nigeria has to companies in Kano affected by the pandemic.
This was through an agreement between Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development and Manufacturers Association of Nigeria (MAN).
This development was made public on Monday in Kano by the DG of KanInvest & Diaspora, Hajiya Hama Ali, during a meeting on the Kano Turnaround Project.
Ali noted that the target of the funds would be for 50 companies and that the Kano agency would work with the affected companies to determine how much was needed for the economic turnaround.
She also claims the initial N10billion would be increased after a meeting with CBN.
“We and our development partners came up with this initiative in order to support our affected industries, because it is worrisome to see our industries in this condition. Our agency has produced an Expression of Interest (EoI) form for interested companies, and that the deadline for the submission of applications is February 25.
“Our doors will be open to any company until the application reach at least 50, from then we will see if they can exhaust the N10 billion or not,” Ali concluded.
Recall that KaftanPost reported last week about the state benefiting from the Federal Government through the approval of the rail project which would run from the state to Maradi in Niger republic.
Experts project a boost in the state’s business atmosphere in 2021 with the unfolding interventions.
