The Nigerian government announced $940,000 in microcredit loans to citizens and small business groups. According to The Tide, Nigeria’s capital city newspaper, “no fewer than 1080 groups will benefit from the microcredit scheme.” Agriculture-focused initiatives will receive $658,000, while the remainder will be used for trades training. The loans were financed jointly by the government’s National Poverty Eradication Programme (NAPEP) and Zenith Bank.
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