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National Economic Reconstruction Fund information


National Economic Reconstruction Fund (NERFUND) was a Nigerian financial institution established to support indigenous micro, small and medium scale industrial enterprises through the provision of medium to long term financing.[1]

It was established in 1989, by the NERFUND Act, cap.254.[2] Years later, the merger of the mandates of Nigerian Industrial Development Bank, Nigerian Bank for Commerce and Industry and the National Economic Reconstruction Fund led to the establishment of Bank of Industry in 2001.[3]

  1. ^ "Nerfund | About Nerfund". 6 February 2019. Archived from the original on 6 February 2019. Retrieved 16 February 2023.
  2. ^ "National Economic Reconstruction Fund Act". www.ecolex.org. Retrieved 16 February 2023.
  3. ^ "Bank of Industry Limited – United Nations Environment – Finance Initiative". Retrieved 16 February 2023.

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