Investor Presentaiton
6.0
Business Opportunities in the 2019 Budget.../10
Driving Industrialization focusing on Small Businesses
Some Budgetary Provisions
☐ N1 billion for Industrial Policy Reforms and Enabling Business
Environment
Export-Expansion Grant (EEG)
N3.03 billion in the form of tax credit to support export via the
Export Expansion Grant
☐ Recapitalisation of Bank of Industry (BOI) and Bank of Agriculture
(BOA)
N15 billion provisioned to support these development finance
institutions to support Micro, Small and Medium Scale Enterprises
(MSMEs)
☐ N7 billion provided as grant to BOI to subsidize interest rate charged
on loans to SMEs. This is intended to make it possible for the Bank to
give them single digit interest loansView entire presentation