News Column

Delta Empowers Indigenes With N2 Billion for MSMEs

August 26, 2014

Felix Igbekoyi



DETERMINED to wipe out poverty in Delta, the state government has disclosed that about N2 billion has been procured by the administration as loan to support the Growth and Empowerment in the State (GEMS3), particularly the Micro, Small and Medium Enterprises (MSMEs).

Dr Kingsley Emu, Commissioner for Commerce and Industry, Delta State disclosed Monday in Asaba, on the occasion of the flag off of the "Running a Business in Delta State Campaign", stating that N1 billion is with the Bank of Industry, BOI, while N500 million is with the ministry to be shared N20 million each to the 25 Local Governments in the state.

He said the state government has set up a committee on the disbursement of the money, advising that the programme underscores the commitment of the state government to the growth and development of the industrial sector, and the benefits of formalization and demystifying the notion that registration of their businesses is only possible through a third party which makes the process of registration cumbersome and expensive.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: AllAfrica


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters