The Minister of State for Petroleum Resources, IBE KACHIKWU made this known during the launch in the Abuja.
KACHIKWU said the intervention fund is part of measures to improve access to low-cost credit for oil and gas firms operating in the economy.
KACHIKWU said while the sum of two hundred million US dollars had been set aside for the fund for disbursement, the ultimate goal of the government was for the fund to increase to one billion dollars in order to meet some of its objectives for the sector.
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