Nigeria to Launch Development Bank by January 2017

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In collaboration with the World Bank and the AfDB, Nigeria plans to open a developmental bank known as, the Development Bank of Nigeria in order to assist small businesses. Finance minister, Kemi Adeosun, has said “It is going to provide money for (small and medium-sized enterprises) and for Nigeria that is really important because 50 percent of our GDP is made up of small companies”.

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