Heritage Bank earmarks N5bn support funds for creative industry

heritage bank support fund for creative industry

Heritage Bank Plc has arranged N5 billion as support funds to drive and stimulate sustainable growth in the Nigeria’s creative and entertainment industry. The lender said the focus of the funds is to give a new lease of life to the sector which has been acknowledged as one among worst hit sectors by the adverse effect of Coronavirus pandemic. Meanwhile, Heritage Bank doled out the sum of N1 million to Damilola Adeyemi, a winner of an online giveaway competition to celebrate the bank’s product, Ynspyre ambassador, Oladapo Daniel Oyebanjo, better…

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FG begins N75bn support fund disbursement to 1.7m MSMEs

Beginning from this week, the Federal Government will start paying grants to Micro, Small and Medium Enterprises (MSMEs) that are successful to partake in the N75 billion COVID-19 support schemes. On September 10, 2020, the Federal Government inaugurated two schemes to financially support about 1.7 million MSMEs across the country with N75 billion. The schemes are the National MSME Survival Fund and the Guaranteed Off-take Stimulus Schemes under the Nigeria Economic Sustainability Plan. The Special Assistant to the President on MSMEs, Office of the Vice President, who doubles as Project…

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