Fidelity bank banner UBA banner
FG empowers micro entrepreneurs with interest-free loans

By Pamela Eboh, Awka on 13/04/2018

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

Views: 862

•Governor Obiano welcoming Vice President Osinbajo to the event . . . Thursday in Onitsha
•Governor Obiano welcoming Vice President Osinbajo to the event . . . Thursday in Onitsha

 Vice President, Prof Yemi Osibanjo, on Thursday launched the micro and small holder farmers and enterprising youths programme in the commercial city of Onitsha, Anambra State. He said at the occasion that no fewer than 600,000 Nigerians have so far benefitted from the Federal Government’s social intervention scheme under the Government Enterprise and Empowerment Programme (GEEP) for entrepreneurs.

The programme, which is aimed at helping farmers and youths, will provide the beneficiaries with N50,000 to N00,000 payable within six months free of interest except for five percent administrative charge, Osinbajo said.

GEEP micro credit is one of the Federal Government’s schemes designed to enable grassroots entrepreneurs have access to affordable credits to fund their businesses, especially in rural areas.

Speaking at the event, the Vice President disclosed that over 11,039 young graduates are to benefit from the second phase of the N-Power programme of the Federal Government. He said that government had gone further to refine the programme such that it would not just be a means to dole out monthly stipend to the beneficiaries, but would also make them independent and self-reliant.

The VP described Anambra State as a leading manufacturing giant and home of commerce, with Onitsha and Nnewi as the industrial hubs not only for the state economy, but for the country.

He hailed the State Governor, Willie Obiano, for creating the enabling environment for businesses and investments to thrive.

While giving assurance of the Federal Government’s sustained support, Osibanjo said: “Anambra is well recognised as an industrial centre and the state has carved a niche as an industrial and commercial hub of Nigeria and the Federal Government is committed to working with the state to attract more investments.

“The MSME is one of such investments where we will cooperate with the state because it contributes significantly to the growth of the national economy and also contributes to over 50% of the nation’s workforce.

“The clinic has further provided opportunity for the regulatory agencies to get closer to the small businesses. I urge the regulatory agencies not to be an obstacle but facilitators for easy access and registration.

“The Federal Government is for all Nigerians and it will continue to work with all states, including Anambra, which the state government had been developing with time.”

The VP advised that since the SMSEs had the opportunity of benefitting from the regulatory agencies, there was need to establish a one-stop shop in the state where the SMSEs, including the Bank of Industry, would operate from one point.

He, however, regretted the neglect of the SMEs by past administrations despite their enormous contributions, promising government’s assistance through easy access to funds and reduced cost in registration and other facilities.

In his speech, Governor Obiano hailed the Federal Government for the vision of setting up the MSME scheme, saying that the State Government would continue to key into the programme for the growth of small and medium enterprises.

He urged the Federal Government to create a special industrial master plan for the state, in view of the resourcefulness of her people.

The Governor also expressed the need for the critical support of the Federal Government to bring out the ingenuity of the people of Anambra State.

 

 

 

Source News Express

Posted 13/04/2018 12:55:51 PM

 

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


 

CLASSIFIED ADS

 

You may also like...
I saw bomber who blew up Abuja park...

Lagos PDP boosts Atiku’s presidential aspiration

Officers cry out over fraud in Police Cooperative...

5 feared dead in Kaduna tanker explosion

Malaysia to explore investment potentials in Plateau

Shehu Sani dares Buhari to include cabals in...

Ex-PDP Chairman defects to APC with 10,000 supporters...

Bayelsa imposes curfew over killings

Only in Nigeria?: Woman arranges own kidnap to...

NiMET predicts cloudy conditions and thunderstorms today across...

Yoruba delegates reject Confab special committee’s decision on...

Onitsha, Kaduna, Aba and Umuahia among the worst...

 

Latest News BREAKING: NLC insists on strike as meeting with FG ends in deadlock Osun Guber Rerun: Omisore disappoints APC, PDP •Refuses to tell supporters whom to vote for Nigeria: Land of perennial flooding Satellites, peace-keeping and peace-making Pastor, wife die in Imo flood Osun rerun polls: PDP, APC in crunch battle for 3,498 votes Leah Sharibu’s mother, others sue IGP, AGF, 2 others •Demand N500m and Leah’s release Saraki to PDP delegates: Save Nigeria from collapse with your votes Rumble in Kogi over N4.3bn alleged looted fund Married man kills pregnant mistress after she refused to get abortion Police invite whistleblower over alleged N2.5bn fraud by Aisha Buhari’s detained ADC PDP Convention will unite and prepare it for victory in 2019 — Okowa

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (397,736 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (377,427 views) Shameless Genevieve Nnaji exposes breasts in public (309,273 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (251,132 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,902 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,903 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,585 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (182,127 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (166,309 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,650 views) Lagos plane crash: Journalist releases victims’ names (158,561 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (147,176 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,631) Business Verdict (52) Columnists (935) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (548) Features (653) Global Business Monitor (301) International (2,438) Interview (165) Live Commentary (28) Love Matters (145) News (39,165) Opinion (1,111) Pidgin (11) Politics (6,764) Religion (873) Sports (1,708) Stock Watch (34) AMA & Al Jazeera Global Update

 

NLNG Expression of Interest banner

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Anthony Joshua vs Alexander Povetkin: Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement