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National Economic Reconstruction Fund Act 🇳🇬


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National Economic Reconstruction Fund Act

  • Published in Official Gazette supplement no. 2 on 11 January 1989
  • Assented to on 9 January 1989
  • Commenced on 9 January 1989
  • [Up to date as at 31 December 2002]
An Act to establish the National Economic Reconstruction Fund, to correct, inadequacies in the provision of medium to long-term financing to small and mediumscale industrial enterprises, provide medium and long-term credit to commercial banks for on-lending and for matters connected therewith.

1. Establishment, aims and objectives of the National Economic Reconstruction Fund

(1)There is hereby established a fund to be known as the National Economic reconstruction Fund (in this Act referred to as 'the Fund').
(2)The aims and objectives of the Fund shall be to-(a)correct any observed inadequacies in the provision of medium to long-term financing to small and medium-scale industrial enterprises, especially manufacturing and agro-allied enterprises and ancillary services;(b)provide medium to long-t…

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