Business
RIMA Trainees To Scale Up Business Operations
Rivers State Microfinance
Agency (RIMA) has organized a three-day workshop on scaling up micro enterprises to Small and Medium Enterprises (SMEs).
The workshop, which was recently will held in collaboration with the United Nations Development Programme (UNDP) at Claridon Hotel , Port Harcourt, will tackle the challenges of SMEs financing, a major setback to business growth.
Speaking at the workshop’s opening ceremony, the Agency Deputy General Manager, Credit and Operations, Mr Gbarayorks Nuira Albert said the programme was more of a capacity building for RIMA that is trying everything possible to overcome the challenges in SMEs financing.
Albert said that the UNDP resource persons are expected to look at what is happening in countries like Israel and Tunisia, that have robost SME factor and replicate what they have done in solving unemployment and financing problems using Rivers SMEs.
RIMA deputy manager noted that the agency was doing everything possible to move small businesses to higher and formal level, adding that the scaling up training seemed to be the solutions to the many challenges, adding that the workshop will expose RIMA to 164 different models of solving SMEs growth.
The workshop would handle topics like,” SME life cycle and financial needs,” legal and regulatory framework for SMEs, introduction to MSME scale-up, SME Financing challenges, the CBN MSME fund, corporate governance among others”, he said.
One of the resource persons, Mr Babatunde Dare Victor, commended RIMA for their effort to scale up, stating that innovation is the bedrock of business growth.