Nigeria Mulls Establishment Of Development Bank

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Mr Mohammed Dutse, the Permanent Secretary at the Ministry of Finance, has hinted that Nigeria is considering establishing a Development Bank to boost economy.

Mr Dutse explained how the project will come into fruition by saying a screening committee will be set to look at those who had applied and they would concentrate on financing small and medium scale enterprises which were major components of the government’s diversification programme.

“It will help provide funds to operators of small businesses in Nigeria at low interest rates

“We will also ensure that the project succeeds,” he said

According to him the m will provide jobs for the nation’s unemployed youths and boost other economic activities.

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