The Minister of Finance, Mrs. Kemi Adeosun has ordered all
staff of the National Economic Reconstruction Fund (NERFUND), to immediately
return to their duty posts as the crisis within the organisation has been
resolved, ITRealms reports.
NERFUND, ITRealms recalls, were directed in a circular
signed by the Permanent Secretary, Federal Ministry of Finance, Dr. Mahmoud
Isa-Dutse on June 15, 2016, to stay
away from work to forestall further breakdown of law and order as a result of
disputes between the Executive Management, Senior Management and other staff of
the organisation.
The National Economic Reconstruction Fund (NERFUND) was
established in 1989 to provide medium to long-term financing to viable Small
and Medium scale production enterprises to increase the quantity of goods and
services available for local consumption and export, provide needed employment,
expand our production base and add value to the economy.
Director of Information at the Ministry in a press statement available to ITRealms, Salisu
Na’Inna Dambatta, noted that the Fund so far extended credit facilities for
2,829 projects valued N9.5 billion between 1989 and 1999.
He also pointed out that all Nigerians are qualified to
apply for NERFUND loans, either as individuals, associations, cooperatives or
corporate entities as well as partner institutions.
No comments:
Post a Comment