Nigeria: Ogun SMEs in Aquaculture Get N123 Million Boi Loan

The Bank of Industry (BoI) has said that aquaculture cooperative societies and enterprises in Ogun State has gotten up to N123 million loans, which has been accessed by the Micro, Small and Medium Enterprises (MSMEs) in aquaculture, livestock and fish feed milling industry in the state.

The bank said in a statement that the facility was accessed at a single-digit interest rate of seven per cent per annum under the matching fund arrangement that saw the Ogun State Government and the bank creating a pool of N1 billion for on-lending to MSMEs in the state.

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