Part 8/9:
In a positive development for the economy, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) partnered with the Bank of Industry to disburse a 75 billion Naira intervention fund aimed at supporting micro, small, and medium enterprises (MSMEs). This initiative is poised to alleviate financial constraints faced by businesses and stimulate growth across various sectors.
Moreover, an agreement was formalized between Stanbic IBTC Bank and CIG Motors, allowing customers access to auto loans for new vehicles, signifying a strategic effort to enhance financing options for consumers in the automotive sector.
As the year draws to a close, the emphasis on security and economic stability remains at the forefront of Nigeria’s national discourse.