Written by Mustafa Abubakar, Ilorin
Friday, 10 February 2012 05:00
Kwara
State government and the National Economic Reconstruction Fund have set
aside N500 million to develop small businesses in the state, the state
commissioner for commerce and cooperative, Alhaji Saka Omimago has said.
The state government has provided N250 million, while NERFUND will
provide the remaining balance of N250 million, Omimago said at a meeting
with some Microfinance Bank executives on Wednesday.
The fund, which would be given as soft
loan to assist Small Scale Enterprises (SMEs), would be disbursed in two
phases through some identified microfinance banks, the commissioner
said.
He said the loan was to empower
artisans, market women associations, youths and professionals who may
not have access to fund to improve their businesses.
No comments:
Post a Comment