Business
RSG Earmarks N50m For Small Scale Investors
Rivers State Governor Rt. Hon Chibuike Amaechi, says his government has earmarked the sum of N50 million to encourage Small Scale investors in the state.
Amaechi said this during the public sensitisation organised by the Association of non-Bank micro finance institutions of Nigeria (ANMFIN) in Port Harcourt recently.
The Governor who spoke through his Special Assistant on Deep Sea/Aqua culture Mr Kuru Tamunoye Briggs, also called on entrepreneurs to avail themselves of the facility.
According to him, the government was determined to encourage self reliance, and industry among the populace.
He expressed government’s confidence in leadership of ANMFIN hence its support to it.
The Governor, also stated that his administration has RIMA whose intention is to grant soft loans to small scale industralists.
Also speaking the National President of ANMFIN Ahmed Giwa Afolabi, pointed out that lack of a national secretariat and office in the state was militating against its smooth operations in the state.
Afolabi, noted that lack of collateral- free loan scheme was part of the challenges of his organisation and appealed to the governor for assistance.
The ANMFIN President applauded the governor for his determination to transform the state.
Earlier, the Rivers State Government had attributed non-repayement of loans by beneficiaries as part of its problems, and called on the body to put its house in order.
He promised to provide enough fund to carter for farmer’s needs come next year.