Bankers Committee begins disbursement of N26bn AGSMEIS funds.

Bankers Committee begins disbursement of N26bn AGSMEIS funds: No fewer than 300 farmers and micro, small and medium enterprises entrepreneurs stand to benefit from the Bankers Committee’s N26bn (US$72m) Agribusiness, Small and Medium Enterprises Investment Scheme (AGSMEIS) fund.

The fund was pooled from 5% of the profit after tax (PAT) contribution of all deposit money banks in the country to support agriculture and the real sector in the country. At the launch of the fund’s disbursement yesterday, a total of N115m (US$319,444) was disbursed to the first set of beneficiaries. (Source: Guardian)

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