Federal Executive Council on Wednesday approved that 500 million Euro loan be sourced for the Bank of Industry from external creditors.
This was disclosed by the Minister of State Finance, Clement Agba, at the end of FEC meeting presided over by President Muhammadu at the Presidential Villa, Abuja.
According to him, the The loan is to support industrialisation and agriculture, which will create up to 1.2 million new jobs.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, also informed State “The credit guarantee is for up to five years and the Federal Government is the guarantor of the loan,” he stated.
House correspondents that the council approved a Justice Sector Policy for the country essentially to reform the sector by simplifying access to justice.
