Bayelsa to collaborate with CBN on SMEs development

Posted by News Express | 27 April 2017 | 1,238 times

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•Bayelsa Deputy Governor John Jonah.


The Bayelsa State Government has assured the South-South Entrepreneurship Development Centre of the Central Bank of Nigeria (CBN), of its collaboration in the provision of necessary facilities to enhance their operations in the state.

Rear Admiral Gboribiogha John Jonah (Rtd), represented by the Secretary to the State Government, Chief Serena Dokubo Spiff, gave the assurance, when officials of the Technical advisory Committee of the Yenagoa centre paid him a courtesy call in Government House, Yenagoa.

Rear Admiral John Jonah, who highlighted the significance of the operations of the committee, noted that, the programmes of the CBN and other stakeholders such as the development of small and medium businesses should be taken as a responsibility to salvage the future of the youths.

According to the Deputy Governor, Bayelsa is endowed with vast human and natural resources and such programmes will create multiplier effects in stimulating local economies and employment for the teeming youths in the country.

He described their collaborative efforts as the building blocks to the next millennium, stressing that the government would embrace and support their initiative in the state.

Earlier, Leader of the Technical Advisory Committee, Mr. Gbenga Owolabi appealed to the government to key into the Small and Medium Scale Enterprises Development programmes towards ensuring employment and wealth creation.

Mr. Owolabi said the committee was looking forward to collaborating with institutions that would advance the development of entrepreneurial skills among Nigerian youths.

He said over 9,000 entrepreneurs have been trained with over 3,000 of them supported with finance ranging from N10,000 to N10 million with single digit interest rates, as a strategy to create jobs.

Commenting on the purpose of the meeting, Mr. Owolabi explained that, it would create opportunities for more participation by people of the state.


Source: News Express

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