Finance Minister Directs NERFUND Staff Back To Work | Independent Newspapers Limited
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Finance Minister Directs NERFUND Staff Back To Work

Posted: Jun 29, 2016 at 6:19 am   /   by   /   comments (1)

Mrs. Kemi Adeosun, Minister of Finance, on Tuesday, directed all staff of the National Economic Reconstruction Fund (NERFUND) to immediately return to their duty posts as the crisis within the organisation has been resolved.

This was disclosed in a statement signed by Salisu Na’Inna Dambatta, Director (Information), Ministry of Finance, and made available to Independent.

It would be recalled that staff of the agency were directed in a circular signed by the Permanent Secretary, Federal Ministry of Finance, Dr. Mahmoud Isa-Dutse, on June 15, 2016, to stay away from work to forestall further breakdown of law and order as a result of disputes between the executive management, senior management and other staff of the organisation.

NERFUND was established in 1989 to provide medium to long-term financing to viable small and medium scale production enterprises to increase the quantity of goods and services available for local consumption and export, provide needed employment, expand the country’s production base and add value to the economy.

The Fund has so far extended credit facilities for 2, 829 projects valued at N9.5 billion between 1989 and 1999.

All Nigerians are qualified to apply for NERFUND loans either as individuals, associations, cooperatives or corporate entities/partner institutions.

Comments (1)

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