Nigerian industrial development bank (NIDB)

NIDB
was established by the federal government for the purpose of helping in the
development o small and medium scale enterprises. It was established after the
promulgation of enterprises promotion decree of 1972, when it was discovered
that

many Nigerian were not in position to buy shares in those companies that
foreigners were offering for sale

The
bank provides other allied financial services such as loan guarantees, letters
of credits and bill for collection as well as other business advisory services
to both small and medium scale industries.
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