Sunday, 5 December 2010
NIGERIA: Microfinance banks show interest in building project
No fewer than 96 microfinance banks have expressed interest in participating in the IFAD-assisted Rural Finance Institution Building Programme (RUFIN) in Nigeria.
The national coordinator of the programme, Musibau Azeez, made the announcement on Monday in Abuja, when he led the supervision mission team of the programme on a courtesy visit to Bukar Tijani, the national coordinator, National Programme for Agriculture and Food Security.
The Federal Government in May 2006 approved the blueprint for RUFIN, and in August 2008 signed a loan agreement with the International Fund for Agricultural Development (IFAD), amounting to 27.2 million dollars, for the implementation of the programme over a seven-year period.