Fidelity bank banner Camano 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: 988

•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...
Saraki promises to offset Kwara workers’ salary arrears...

Obiano commissions first ever functional borehole in Nnanka...

I never accused Appeal Court Justices —Dino Melaye...

Ijaw youths make U-Turn on Buhari •Meet soon...

No crisis in Kuje Prison, says Controller

Buhari makes new appointments, confirms others

35 suspected cultists paraded in Anambra

MOSOP President bags Ogoni chieftaincy title, assures on...

MOSOP kicks against attempt by politicians to hijack...

Party drops bid for statewide Pennsylvania recount of...

Discrimination, discrepancy, factionalisation threaten peace in Akwa Ibom...

Witness reveals Badeh’s wife’s role in laundering N3.9bn...

 

Latest News Ohanaeze set to host Afenifere, Arewa, PANDEF at Igbo Day celebration 2019 elections: APC, PDP disagree over readiness Ndume begs colleagues not to boycott 2019 Budget presentation Temple food kills two children, 9 others PDP rejects INEC plan to create poling centres in IDP camps Kaduna APC Primary: Aspirant alleges threat to life Umahi sacks Ebonyi Broadcasting Corporation Board Chairman Insurgency: Buhari, other Lake Chad Basin leaders meet in Abuja Development partners facilitate science-policy interaction in West Africa Tragedy hits Nigerian football as star defender Dominic Dukku slumps and dies before match Okowa mourns Delta CJ’s wife, urges Nigerians to live impactful life Defence Minister charges War College participants to remain apolitical

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (430,521 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,252 views) Shameless Genevieve Nnaji exposes breasts in public (328,100 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,114 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,149 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,423 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,348 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,529 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,983 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,671 views) Lagos plane crash: Journalist releases victims’ names (167,400 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,862 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,883) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (313) International (2,830) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (74) News (41,462) Opinion (1,153) Pidgin (13) Politics (8,183) Religion (916) Sports (1,822) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera