FG orders NERFUND staff to return to work immediate
The Federal Government has 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.
According to a press statement form the Ministry of Finance made available to Business247, the directive was passed on Tuesday by the Minister of Finance, Mrs Kemi Adeosun.
It could 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 in the organisation.
This was as a result of disputes among the Executive Management, Senior Management and other staff of the organisation.
The agency 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 our production base and add value to the economy.
The Fund has so far extended credit facilities for 2,829 projects valued N9.5 billion between 1989 and 1999.
All Nigerians are qualified to apply for NERFUND loans as individuals, associations, cooperatives or corporate entities/partner institutions.
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