Osinbajo & Ugwuanyi. |
At
least 30,000 traders from Enugu State will benefit from “TradersMoni”, an
initiative of the Federal Government being designed to further enhance
entrepreneurial opportunities for the rural poor, said Vice President, Prof
Yemi Osinbajo in Enugu where the State Governor, Rt. Hon Ifeanyi Ugwuanyi also
announced that the State Government has also deployed over 16,000 beneficiaries
of the N-Power programme to schools, farms and other places where they are
adding value to the economy.
Osinbajo
who spoke, Monday, at the 19th Micro, Small and Medium Enterprises
Clinics for Viable Enterprises (MSME Clinics), highlighted the importance of
small and medium scale businesses in poverty eradication and value creation,
said the Federal Government is seeking to enhance the MarketMoni initiative by
introducing the TradersMoni programme which specifically will target Nigerians
at the bottom of the pyramid.
The
Vice President, who said the MSME Clinics have been designed to support small
and medium businesses, noted that the programme has become an inspiring example
of how government can make a difference in the lives of entrepreneurs by
reducing regulatory bottlenecks and providing training and support systems
necessary for business growth.
He
commended the creative energy of the Nigerian entrepreneur and promised that
the Federal Government will continue to create the favourable environment
needed for entrepreneurs to thrive.
In
his address at the event, Governor Ifeanyi Ugwuanyi noted with delight the
positive results the state has derived from its strategic partnership with the
Federal Government in the area of employment generation, poverty eradication
and the growth and development of small and medium businesses.
Governor
Ugwuanyi noted that Enugu State has been able to trained more than 35,000 MSME
owners and aspiring entrepreneurs through the State-owned Enterprise
Development Institute with more than 7,000 others benefitting from Government Enterprise
Empowerment Program (GEEP), otherwise called ‘MarketMoni’.
“Under the CBN 220
Billion MSME Development Fund, Enugu State is one of few states that have fully
implemented the program funding over 2000 MSMEs and has also returned about
N400 million out of the first tranche of N500 million received from CBN. We
wish also to commend, the CBN on the “Ose Nsukka” (Nsukka Yellow Pepper) Anchor
Borrowers Program as well as other initiatives of the Bank in Enugu
State. Our counterpart funding with the Bank of Industry (BOI) has
produced over 36 SMEs worth more than N399 million in project value,” Governor
Ugwuanyi stated.
He revealed that Enugu
State, under his leadership has been leveraging its home-grown social
investment programs with those of the Federal Government to lift the people of
the state out of poverty while also devoting MSME development funds to the
formation of small businesses that create wealth, jobs, empower people and also
transform communities.
He expressed the
preparedness of his government to continue to partner and cooperate with the
Vice President’s office in the drive to use the National MSME Clinic to unleash
the potentials of the private sector in the state and also in ensuring that the
MSME clinics remains sustainable.
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