MSMEs get 1yr moratorium on SMEDAN loan repayment

MSMEs, moratorium, loan repayment

The Director General of the Small and Medium Enterprises Development Agency of Nigeria, (SMEDAN), Dr Dikko Umaru Radda, yesterday extended the debt repayment moratorium for the One Local Government One Product (OLOP) beneficiaries from three months to one year. A statement from the Corporate Affairs Unit of the agency quoted the Director General as saying that the latest gesture was extended to the beneficiaries in view of the criticality of MSMEs to sustainable growth of the nation’s economy. He said: “After studying the current trends regarding the global pandemic as…

Read more