Category: MSMEs/ SMEs Funding Projects

SME/MSME support funds (2)

b. N1billion OYSG-MSME Suppport Fund has made strategic moves to recover poorly managed MSME funding that was dispensed by the past administration via a number of Microfinance banks.

A thorough assessment process for microfinance banks has been concluded and a number of microfinance Banks domiciled within the State have been approved.

This disbursement activity for this OYSG MSME Fund is coming at a strategic time when there has been a downturn in the economy due to COVID-19 pandemic.

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SME/MSME support funds

a. N1billion OYSG-BOI SME Suppport Fund

OYSIPA, THE MANAGERS OF THE OYSG/BOI SME Funding Scheme will be rolling out a fresh N1Billion loan for the SME and manufacturing sectors in Oyo State as part of the post COVID-19 economic plan

This OYSG/BOI funds is an excellently performing revolving fund that has been used to stimulate Oyo State industries and manufacturing economy

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