Industrial Policy Attracts $380m Within Ninety Days

Industrial Policy Attracts $380m Within Ninety Days

The Ministry of Industry, Trade, and Investment secured over $380 million in strategic financing commitments during the first 90 days of implementing its new industrial policy. John Owan Enoh, the Minister of State, disclosed the capital injection in a comprehensive quarter-one performance report presented in Abuja. The newly minted framework aims to lift the manufacturing…

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AfDB Flags Poor Private Sector Credit in Nigeria

AfDB Approves $200m Industrial Credit Line for Nigeria

The African Development Bank Group has approved a 200 million dollar financing facility for the Bank of Industry to support private sector productivity across Nigeria. The sovereign-guaranteed loan provides medium- and long-term capital for local enterprises looking to expand operations. The credit injection targets critical domestic sectors, including transport infrastructure, agro-food processing, pharmaceuticals, and green…

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