Industrialists: High bank rates keep economy crawling

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Industrialists lamented yesterday what they call the unconducive business environment.They said the high interest rate being charged by banks constituted impediment to business growth. The business rate is between 21 and 28 per cent.Speaking at the first quarterly meeting of the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) in Minna, Niger State, its president Dr Simon Okolo said the resultant effect was the poor showing of the economy between January and March.

Industrialists: High bank rates keep economy crawling

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