• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nigeria plans to establish entrepreneur bank

The Matters Press by The Matters Press
January 29, 2019
Reading Time: 2 mins read
0
Corruption caused Nigeria’s poor resource management

Vice President Osinbajo

Vice President Osinbajo

Nigeria’s Vice President Yemi Osinbajo has said the country plans to establish an Entrepreneur Bank to provide flexibility in provision of facilities to businesses.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Osinbajo disclosed this while fielding questions from a cross-section of women who ply their trade in various fields at a programme tagged `Next Level Conversation’ on Monday in Abuja.

The women, who were mostly entrepreneurs, were drawn from the education, environment, agriculture, real estate, hospitality among other sectors.

The vice president said that the issue of giving cheap loans to small businesses had featured prominently in the President Muhammadu Buhari-led administration.

Nigeria, he said, has been able to deal to some extent with small and micro businesses; we have TraderMoni, MarketMoni, FarmerMoni; which are basically very small credit schemes.

“We are also looking at an Enterprise Bank or an Entrepreneur Bank which is one of the types of establishment we are looking at.

“We think there is a need for a bank that will be a bit more nimble about entrepreneurship; a bank that has a bit more flexibility.

“That is why we are talking about Entrepreneur Bank; of course, we will need a bill in the National Assembly; in the meantime, we think we can start with a bond to put a lot around it without necessarily building another big bureaucracy,’’ he said.

Osinbajo said there was need to properly fund education as efforts were been made to get the Tertiary Education Trust Fund(TETFund) to also fund the private sector.

He reiterated that the issue of funding education lied with the Federal, State and Local Governments.

More so, the vice president said that the Federal Government would synergise with state and local governments to curb multiple taxation which had adverse effect on businesses.

The ministers of Women Affairs and Finance participated in the interaction.

Tags: Entrepreneur bank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
CPC advises customers with faulty HP computers

CPC advises customers with faulty HP computers

I will want successful elections in Nigeria – Sirleaf

I will want successful elections in Nigeria - Sirleaf

Recommended Stories

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

World Bank, IMF invite Jimoh İbrahim to ancillary meeting

September 20, 2022
Increasing food production excites Uganda

Farmers commit to grooming young entrepreneurs

February 27, 2022
Stakeholders unveil plan to upgrade catfish production

Fishery subsidy key fishery global sustenance – Okonjo-iweala

July 19, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us