I have no beef with Oando Plc...
However if our banks can structure a loan a 3 year moratorium for Oando Plc that posted the biggest corporate loss in Nigerian history, they can do same for the SMEs in Nigeria......
Commercial Banks are to set aside 10% of PAT into a fund to take up equity in SMEs...how many do so? who is held to account? how many banks have processed Agricultural loans?
Multi-Trex the Cocoa processing company shut down over indebtedness to AMCON comes to mind......If an Oil and Gas company can get a rescheduling with moratorium, then an Agro-processing company should as well.
We cant sing diversification then allow agricultural companies fail over "small" matters of finance...
http://thenationonlineng.net/oando-secures-n94-6b-loan-local-banks/
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