The Federal Government on Sunday said that 1.2 million Nigerians would be given soft loans at two or three per cent interest rate as part of efforts to create jobs under its Social Investment Programme.

Laolu Akande, the Senior Special Assistant to Vice President Yemi Osinbajo on Media and Publicity, said this when he appeared on the News Agency of Nigeria (NAN) Forum in Abuja.

He said that the Federal Government was synergizing with its enterprise agencies with the private sector to achieve the goal.

He named the agencies as the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bank of Industry (BOI), Bank of Agriculture, the National Directorate of Employment (NDE), among others.