Business
‘SMEs, Key To Economic Growth’
The wife of the Rivers State governor, Dame Judith Amaechi, has said that the growth of small and medium scale economy is key to improving the nation’s economic fortune.
Dame Amaechi stated this during the launch of Hon. Victor Amadi 25 million Naira women micro credit and economic empowerment scheme at Okehi headquarter of Etche Local Government.
Mrs. Amaechi stated that a performing local and micro economy will add a multiplier effect on the nation economy, noting that more incentive should be provided for the rural women, to strive in their business.
“I want to state here that it is indeed worthy to start small and grow bigger and that is the solution to the challenges of our economy. Let’s begin to develop our micro economy through the small and medium scale enterprise which in turn will boost our national economic growth”, she said.
Mrs. Amaechi while appreciating the contribution of women to the national development, stated that women have the propensity to cause positive change in the economy.
She charged the women to stop accepting and relying on handouts describing it as a limiting factor facing women especially at the grassroots.
The governor’s wife enjoined 63 beneficiaries of the first phase of the scheme to make judicious use of the opportunity to provide sustainable means of livelihood for their families .
The Initiator of the scheme and member representing Etche Constituency I, Hon Victor Amadi said the scheme was part of his effort to provide empowerment for women who are alienated economically in the constituency.
Hon. Amadi further revealed that the 250 women will in four years benefit Nl00,000 start up of capital for their business.
The lawmaker further stated that the micro credit scheme will be run in partnership with the Rivers State micro credit agency who will provide professional expertise and training to enable the women manage the funds profitably, adding that beneficiaries were drown from communities in the Etche constituency one.