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.
Sectoral Distribution Of Investments By Banks As At 31St August 2009
| Investment as at 31st August 2009 | |||||
|---|---|---|---|---|---|
| NO. OF PROJECTS | AMOUNT | % NUMBER | % AMOUNT | ||
| A. Real Sector/Enterprise Agro - allied (including wood work & water bottling | 46 | 2,375,475,707.58 | |||
| 13.69 | 8.23 | ||||
| Manufacturing (including printing & publishing | 144 | 8,103,773,769.65 | |||
| 42.86 | 28.07 | ||||
| Construction (including quarrying) | 13 | 2,786,287,000.00 | |||
| 3.87 | 9.65 | ||||
| Solid Minerals | 3 | 59,440,000.00 | |||
| 0.89 | 0.21 | ||||
| SUB TOTAL | 206 | 13,324,976,477.23 | 61.31 | 46.16 | |
| B. Service-related Sector Information Technology & Telecommunications | 24 | 1,821,809,249.04 | |||
| 7.14 | 6.31 | ||||
| Educational Establishment | 7 | 897,935,000.00 | |||
| 2.08 | 3.11 | ||||
| Services | 76 | 5,368,855,718.81 | |||
| 22.62 | 18.60 | ||||
| Tourism & Leisure | 23 | 7,454,001,847.00 | |||
| 6.85 | 25.82 | ||||
| Others | 0 | 0 | - | - | |
| SUB TOTAL | 130 | 15,542,601,814.85 | 38.69 | 53.84 | |
| C. Micro Enterprises Sector | 0 | 0 | - | - | |
| GRAND TOTAL | 336 | 28,867,578,292.08 | 100 | 100 |
TOTAL AMOUNT SET ASIDE UNDER SMEEIS BY CONSOLIDATED BANKS: N42,024,988,746.00 SOURCE: RETURNS FROM BANKING SUPERVISION DEPARTMENT , CBN SMEEIS STAT TABLE 1