Regulatory Alerts2009-09-10 | SMEEIS0809ASectoral Distribution of SMEEIS Projects- August 2009
In August 2009, Nigerian banks allocated a total of N42.024 billion under the Small and Medium Enterprises (SME) Equity Investment Scheme (SMEEIS). Out of 336 projects supported by the banks, 206 fell into the sector-related category, while 130 were classified as service-related. Within the sector-related category, the highest investment was in manufacturing at N8.104 billion, followed by real estate/enterprise at N2.375 billion. The top subcategories within service-related projects included Information Technology & Telecommunications and Tourism & Leisure, with investments of N1.822 billion and N7.454 billion respectively. The remaining funds went to educational establishments (N897.935 million), other services (N5.369 billion), and no allocations were made for micro enterprises.