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WAEC Economics 2000 Question 44

Question 44

Financial Institutions

The primary objective of the Nigerian Industrial Development Bank (NIDB) is the provision of loans to

  1. A.farmers
  2. B.manufacturers
  3. C.estate agents
  4. D.transporters.
Show the answer and explanation

Answer: B (manufacturers)

Explanation

The NIDB was set up to give medium- and long-term loans to industrial (manufacturing) firms.