Shell Energy Entrepreneurs banner Yudala banner
CBN, Kano Govt. seal Micro, Small and Medium Enterprises Dev. Fund deal •Sanusi decries low level of financial literacy

By News Express on 04/12/2013

Share on facebook Yahoo mail icon Gmail icon

Views: 3,313


History was made today in the ancient city of Kano as the Central Bank of Nigeria (CBN) and the Kano State Government (KNSG) signed a Micro, Small and Medium Enterprises Development Fund (MSMEDF) deal.

The MOU was signed at an impressive ceremony at the Government House under the watchful eyes of Governor Rabiu Musa Kwankwaso.

CBN Governor, Mallam Sanusi Lamido Sanusi, a Kano Prince, signed on behalf of the apex bank while the Commissioner for Budget & Planning, Yusuf Bello Danbatta, signed on behalf of KNSG.

In his remarks, Sanusi, dressed in his princely robes, praised the Kwankwaso administration for its giant strides, saying: “I must tell you I am always delighted to come to Kano because anytime I come I see something new in terms of developmental projects.” He spoke of CBN’s eagerness to partner with the administration to fast-track the development of the state using various vehicles, among them the N220 MSMEDF launched August 15 in Abuja, the Nigerian capital.

Meanwhile, the CBN Governor has decried the dismal level of financial literacy among Nigerians and called for concerted efforts aimed at developing necessary framework to educate the people on what he described as an important developmental issue.

The apex Bank Governor, while speaking yesterday at the Second North East Economic Summit in Gombe, noted that financial derivatives such as pension and insurance must be taken very seriously as part of economic empowerment strategy.

According to him, these financial derivatives should not be misconstrued as only designed for certain category of the populace; rather, they have a lot of potentials to serve as catalyst for savings and raising capital for economic development.

Sanusi also cautioned that inasmuch as finance remained key in resolving the developmental challenges, it was not the total solution. He reiterated that other issues like functional infrastructure, appropriate tariff regime, and reliable legal system must also be in place for businesses to thrive.

He concluded by calling on government at all levels to focus on the provision of those critical infrastructure which small businesses are unable to provide on their own.

Delivering the lead paper at the summit, Dr. Shamsudeen Usman, immediate past Minister of National Planning, called for a Marshal Plan of some sort for the development of North East region of the country in view of the enormity of the challenges confronting the zone.

The summit was declared open by President Goodluck Ebele Jonathan and attended by several ministers, legislators, members of the Diplomatic Corps, captains of industry, local and investors.

•Photo shows Gov Sanusi speaking at the signing of the MSME Dev Fund MOU with the Kano State Government . . . today in Kano.

Source News Express

Posted 05/12/2013 12:04:26 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Civilising the Nigerian military, By Chido Onumah

Gov Dickson’s CPS buries mother on Jan 13...

Breaking: Buhari, Jonathan’s supporters clash in London

Ogun community to honour Governor, NNPC GMD, others...

Kogi Govt. washes hands off Aguleri war, says...

Neymar out of World Cup as Brazil sets...

Ambode vows to ban yellow buses (Danfo) from...

Activists demand resignation of Military Spokesman Maj.-Gen. Olukolade...

NAICOM releases guidelines for market conduct, business practices...

Clean environment key to survival, says Lagos Commissioner...

Violence rocks South Africa’s top universities as police,...

How I will destroy Nigeria —IPOB Leader Nnamdi...

 

Latest News Man divorces wife after 44 years of marriage based on information received in his dream Rice farm: Bayelsa community disowns ex-militant leader, demands his arrest Gowon, others shun book launch in memory of Tafawa Balewa Restructuring: Urhobo seek return to Midwest Region Expert links bush burning to asthma, cancer, premature death 2019: Fani-Kayode lashes 7 Northern governors for mobilisng for Buhari’s re-election •Dismisses them as parasites, vampires Benue Killings: I never ignored Ortom’s warning — Osinbajo My 10-year ban from holding public office in Ekiti a big joke — Fayemi Kidnapped lawmaker found dead Kano commissioner, sons in police net over ‘stone devil Kwankwaso’ remark OBJ sets record as Open University graduates 14,769 Okah, other Kuje Maximum Prisons inmates in safe custody — Prisons Service

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (314,094 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (303,106 views) Shameless Genevieve Nnaji exposes breasts in public (243,377 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (200,762 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (189,528 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (178,772 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,016 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (138,946 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (135,745 views) Lagos plane crash: Journalist releases victims’ names (124,036 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,032 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,553 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,848) Business Verdict (32) Columnists (790) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,738) Interviews (139) Live Commentary (28) Love Matters (100) News (31,928) Opinion (864) Pidgin (10) Politics (4,349) Religion (666) Sports (1,405) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!