Out of a total N18.9-billion invested by banks under the Small and Medium Enterprises Equity Investment Scheme (SMEEIS), Nigeria's 19 northern states received only N956.2-million.

The SMEEIS scheme requires banks to invest 10% from their Profit After Tax in small and medium enterprises in order to stimulate the country's economic growth.

From the total 19 northern states, businesses in only 9 of them got funding while the rest of the states received nothing.

The money was allocated as follows: