27:
It was established in 1989, by the NERFUND Act, cap.254. Years later, the merger of the mandates of
Nigerian Industrial Development Bank, Nigerian Bank for Commerce and Industry and the National Economic Reconstruction Fund led to the establishment of
24:(NERFUND) was a Nigerian financial institution established to support indigenous micro, small and medium scale industrial enterprises through the provision of medium to long term financing.
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As of 2013, it was reported that NERFUND ran at huge losses up to N5.7 billion. As of 2017, NERFUND had N17.5bn in bad loans. After a special assessment report by the
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announced the closure of NERFUND stating it was too expensive to run, it has a bad balance sheet, salary expenses and overheads.
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121:"Bank of Industry Limited – United Nations Environment – Finance Initiative"
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https://www.vanguardngr.com/2017/10/n17-5bn-bad-loans-fg-shutdown-nerfund/
142:"Nigeria appoints new managing director for reconstruction fund, NERFUND"
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48:, Mahmoud Isa-Dutse, the Permanent Secretary,
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179:"Nigerian govt explains closure of NERFUND"
96:"National Economic Reconstruction Fund Act"
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42:Nigeria Deposit Insurance Corporation
22:National Economic Reconstruction Fund
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72:. 6 February 2019. Archived from
220:Government agencies of Nigeria
177:Silas, Don (6 November 2017).
18:Nigerian financial institution
1:
50:Federal Ministry of Finance
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210:National development banks
70:"Nerfund | About Nerfund"
46:Central Bank of Nigeria
146:www.premiumtimesng.com
183:Daily Post Nigeria
76:on 6 February 2019
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215:Banks of Nigeria
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30:Bank of Industry
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100:www.ecolex.org
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186:. Retrieved
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74:the original
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188:16 February
151:16 February
126:16 February
105:16 February
80:16 February
204:Categories
56:References
32:in 2001.
44:and the
36:Closure
190:2023
153:2023
128:2023
107:2023
82:2023
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