Nigeria: Six States to Benefit From BOI, Agric Ministry's N13.6 Billion Rice, Cassava Mills

3 November 2014

Sixteen states are to benefit from the N13.6billion pact entered into by the Bank of Industry, BOI and the Federal Ministry of Agriculture and Rural Development as intervention funds for rice and cassava milling in the country.

The duo signed a Memorandum of Understanding, MoU, for N13.6 bn loan solely targetted at the private sector at a maximum of 10 years with a 3-year cessation at 5 per cent interest flat rate per annum to 16 benefiting states.

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