• Proposed Development Bank takes off in January, says Adeosun

    Proposed Development Bank takes off in January, says Adeosun

    Development Bank, planned to provide funding for existing and start up Small and Medium Enterprises (SMEs), will commence operation in January 2017 with a capital of $1.3 billion, the Minister of Finance, Mrs. Kemi Adeosun has disclosed.

    Adeosun, who described the sector as a “very critical sector” stated that it accounts for 50 per cent of the nation’s Gross Domestic Product (GDP), adding that investing in the sector will catalyse more “activities in the economy.”

    The minister stated this in Lagos yesterday […]