1.7 Eligible Enterprises In line with the provisions of the Revised Microfinance Policy, Regulatory and Supervisory Framework for Nigeria, enterprises to be funded under the Scheme include: a) Micro Enterprises b) Small and Medium Enterprises The following are eligible activities under the Fund: Microenterprises
Agricultural value chain activities
Cottage Industries
Artisans
Services to hotels, schools, restaurants, laundry etc.
Renewable energy/energy efficient product and technologies
Trade and general commerce
Any other income generating enterprise as may be prescribed by the CBN
7 A maximum of 10% of the Commercial component of the Fund shall be channeled to trade and commerce. This is to ensure that productive sectors of the economy continue to attract more financing necessary for employment creation and diversification of the country’s economic base. Small & Medium Enterprises (SMEs)
Manufacturing
Agricultural value chain activities
Educational institutions
Renewable energy/energy efficient product and technologies
Any other income generating enterprise as may be prescribed by the CBN Note: Refinancing under this programme is strictly prohibited
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