By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans

Business

Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans

Olaitan Sodiq
Olaitan Sodiq
Published: June 11, 2025
Last updated: June 11, 2025
1 Min Read
Share
Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans | Daily Report Nigeria
SHARE

 

 

The Federal Government has announced a massive financial support package to reflate the economy, with 75 major companies and Micro, Small and Medium Enterprises (MSMEs) set to benefit from N1.1 trillion loans.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

 

According to the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, 75 major companies will receive N1 billion single-digit loans next month, while MSMEs will get N125 billion loans.

This follows the verification of over 700,000 applications.

 

“The 660,320 nano beneficiaries, representing over 60 per cent of the targeted one million, have received disbursements across 774 local governments,” Uzoka-Anite said during a visit to Cross River State Governor Bassey Otu and an interaction with beneficiaries of the presidential grant and prospective beneficiaries of loans to MSMEs.

 

The minister added that the financial support is part of the government’s efforts to boost the economy and support businesses.

 

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:EconomyFinancial SupportLoansMSMEsTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Davido Claims Ibiza Nightclub Security Tried to Kill Him | Daily Report Nigeria
Davido Claims Ibiza Nightclub Security Tried to Kill Him
Entertainment
Favour Ofili Switches Allegiance to Turkey | Daily Report Nigeria
Favour Ofili Switches Allegiance to Turkey
Sports
U.S. Bombs Three Iranian Nuclear Sites — Fordow, Natanz, Isfahan | Daily Report Nigeria
U.S. Bombs Three Iranian Nuclear Sites — Fordow, Natanz, Isfahan
News
Club World Cup: Inter Milan Leave It Late to Beat Urawa | Daily Report Nigeria
Club World Cup: Inter Milan Leave It Late to Beat Urawa
Sports
NNPCL Spokesperson Olufemi Soneye Resigns | Daily Report Nigeria
NNPCL Spokesperson Olufemi Soneye Resigns
Business

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

BREAKING: Rivers APC Suspends Party Chair, Legal Adviser | Daily Report Nigeria
Politics

BREAKING: Rivers APC Suspends Party Chair, Legal Adviser

June 15, 2025
Delta 2023: An Ijaw Governor Will Prosper All Deltans - Sheriff Mulade | Daily Report Nigeria
Politics

Delta 2023: An Ijaw Governor Will Prosper All Deltans – Sheriff Mulade

June 13, 2025
Distribution of electoral materials in Edo State
News

Tension Rocks Edo as Councillors Impeach Suspended LGA Chairs

June 14, 2025
goodluck-jonathan
Politics

2023 Presidency: Group Offers To Purchase Nomination Form For Jonathan 

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?