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BANK OF AGRICULTURE LTD/SMEDAN-

EXPRESSION OF INTEREST FOR MATCHING FUND PROGRAMME FOR MICRO AND SMALL ENTERPRISES (MSEs)

BANK OF AGRICULTURE LTD (BOA)/SMALL AND MEDIUM ENTERPRISES DEVELOPMENT AGENCY OF NIGERIA (SMEDAN)
BANK OF AGRICULTURE LTD (BOA)/SMALL AND MEDIUM ENTERPRISES DEVELOPMENT AGENCY OF NIGERIA (SMEDAN) MATCHING FUND PROGRAMME FOR MICRO AND SMALL ENTERPRISES (MSEs): 2ND EDITION

INTRODUCTION
As a concept pioneered in Nigeria by Development Finance Institutions (DFIs), fund matching has proved popular and successful in making micro and small enterprises (MSEs) attractive to access finance. The strategy requires the fund matching partners (often a DFI and an MSMEs-promoting institution/Government) to share the risks of making funds available to target MSEs – usually at concessionary rates over the medium-term.

Consequently, desirous of building synergy on this important aspect of their respective mandate SMEDAN and Bank of Agriculture Lid (BOA) hereby announces the continuation of the BOA/SMEDAN MATCHING FUND PROGRAMME FOR MICRO AND SMALL ENTERPRISES. This intervention is to deliver credit, to the sub-sector, as a promotional mechanism to enhance enterprise output, competitiveness and jobs creation. The disbursing entity, under the programme, shall be the Bank of Agriculture Ltd (BOA).

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