Shell Energy Entrepreneurs banner Yudala banner
Bayelsa in massive job creation

By Nathan Nwakamma on 15/09/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,364


The Bayelsa Government said on Thursday in Yenagoa that it created over 7,000 direct and indirect jobs through the release of N1.88 billion loan to Small and Medium-scale to entrepreneurs and cooperatives.

Gov. Seriake Dickson stated this at the 2017 African SME EXPO with the theme `Promoting SMEs for sustainable development and economic growth’.

Dickson, represented by his Deputy, Rear Admiral John Jonah (rtd), said that his administration achieved the feat in partnership with the Bank of Industry and other relevant agencies.

He said that the initiative enhanced the growth of SMEs with direct impact on the economic growth of the state.

Dickson said that In furtherance to his commitment on job creation and empowerment of the teeming youths in the state, the government was also negotiating for a N2 billion Micro, Small and Medium Scale (MSME) Entrepreneurship loan.

He explained that in 2015, the government launched Izon Microfinance Bank to provide small businesses and serious minded entrepreneurs with access to capital.

“This is important for us because funding is crucial, if people are to innovate and think outside the box.

“We have achieved so much since the commencement of the Microfinance Bank, especially because the bank, with support provided by CBN and other funding partners, has supported women groups and cooperatives in the state to venture on their own.”

Describing SMEs as panacea for the growth of the local economy, Dickson stressed the need for the promotion of locally made goods and as well as simplifying business registration process.

“We need to deliberate in strengthening the existing institutions as in the Bayelsa example, where there is a law that one per cent of the annual state budget is released to the Bayelsa State Microfinance and Enterprises Development Agency for SME development yearly.

“We must simplify the registration processes for businesses and encourage their migration from the informal to the formal sector through regulation and proper monitoring.

“As leaders and opinion shapers, we need to encourage technology diffusion through value chain processes and establish priority sectors for local investment,” the governor said.

Dickson recommended tax incentives for priority sectors, saying that it is a means of boosting local production.

In addition, he advocated for training and incentives for the utilisation of local production resources for SMEs that establish operations in certain designated areas.

Dickson said the gains of his administration included the 60 tonnes per day Cassava starch factory at Ebedebiri in Sagbama that is linked with the cultivation of a 100-hectare cassava farm.

“Our Aquaculture village at Yenegwe in Yenagoa, with fish processing complex capacity of 7.5 tonnes per batch, 20 tonnes per day feed mill, 500 non-earthen ponds capable of accommodating 700 fishes, hatchery with six million fingerlings per animals.

“Our plans, in collaboration with the Federal Government over the Peremabiri Rice farms/mills in Southern Ijaw, is also one of the largest in Africa with a huge capacity that has started.

“With that in mind, the construction of a 3.5 Kms run away Cargo Airport is under way in Bayelsa,” Dickson said.

In his contribution Dr. Ebiekure Eradiri, the Director-General, Bayelsa State Microfinance and Enterprise Development Agency, applauded Dickson’s vision and support for the MSMEs sub-sector.

Eradiri said that that since Dickson took over the mantle of leadership in the state in 2012, he has been of tremendous support to the scheme.

He stated that the Africa SME Expo event had increased the perspective and that the Agency was willing to pursue vigorously its mandate to achieve its cardinal projects on fund recovery, job creation and wealth creation for Bayelsa. (NAN)

Source News Express

Posted 15/09/2017 3:20:01 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

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...
Imo State Government floats airline

Politicians wooing soldiers — Buratai •Army Chief spits...

Controversy deepens over Ikoyi billions as another whistleblower...

Civil society takes on Delta Govt. over budget...

Insecticidal nets: Edo records 88 percent Distribution Rate...

Biafra youths hold talks with traditional rulers, others...

US lawmaker to table motion for Trump’s impeachment...

Come-backing Keshi bows to pressure, recalls Ike Uche...

Oil firm, Akwa Ibom communities sign revised MoU...

Buhari condemns Rivers political violence

1,500 PDP members defect to APC in Lagos...

HURIWA demands decisive action on kidnapping, unconditional release...

 

Latest News Catholic Church returns to CAN after 5 years ‘strike’ Oba of Benin urged to stop juju priests from administering oaths on victims of human trafficking Gunman storms church service in Russia, kills 5 worshippers 66 feared dead as passenger plane crashes in Iraq We have no land for cattle colony — Ebonyi State Government Ambode okays N30,000 monthly stipends for 1,000 interns Nigerian child comedienne Emmanuella lands Hollywood movie role Kaduna APC faction slams 6 months suspension on Gov. El-Rufai Buhari, Katsina elders in closed-door meeting UBA premieres most anticipated movie of the year #Black Panther BREAKING: 6 contestants evicted from Big Brother Naija 2019 Presidency: Northern leaders shop for consensus candidate •Set criteria for contenders

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (324,757 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (316,292 views) Shameless Genevieve Nnaji exposes breasts in public (252,892 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (207,567 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,012 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (186,570 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (162,146 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (145,497 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (139,766 views) Lagos plane crash: Journalist releases victims’ names (128,657 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,131 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,479 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,894) Business Verdict (33) Columnists (802) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (444) Features (548) Global Business Monitor (225) International (1,795) Interviews (143) Live Commentary (28) Love Matters (104) News (32,914) Opinion (883) Pidgin (10) Politics (4,502) Religion (677) Sports (1,433) Stock Watch (27) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

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!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement