Solid Minerals Group’s (SMG) area of focus is solid minerals and metals project financing. The Group’s sub-sectors include cement, ceramic tiles, granite aggregates, roofing sheets, electricity wires and cables, steel and iron products, etc. As of December 2021, the total sum of N14.28 billion was disbursed to six (6) projects during the period under review. The intervention is expected to assist beneficiaries to enhance production capacities, and save foreign exchange through import substitution. Notable businesses financed by the bank through the Solid Minerals Group include Coleman Technical Industries and Abuja Steel Mills.
