Niger Delta
Edo Strategises To Access N220bn SMEs Fund
The Edo State Gov
ernment is putting some measures in place to enable it to access the N220 billion Small and Medium Enterprises (SMEs) fund instituted by the Federal Government.
The Commissioner for Finance, Mr Osagie Inegbedion, made the disclosure in an interview with newsmen in Benin, recently.
Inegbedion said that states across the federation found it difficult accessing the fund because of stringent conditions attached to it.
He, however, said the state government was taking measures to access the fund, pointing out that a state was entitled to a maximum of N2 billion.
He added that part of the conditions was that states should act as a stop-gap between the bank administering the fund and the SMEs operators.
The commissioner said the conditions put the liability on states.
“A lot of measures have to be put in place by state governments before the funds could be accessed.
“The Edo government has commenced preliminary discussions with relevant authorities on how to access the fund as we have started looking at the provisions and requirements.’’
The commissioner, however, stressed the need for state governments to get the list of genuine and eligible SME operators to prevent the fund from going into wrong hands.
Niger Delta
Eno Recommits To Private Sector Investments
Niger Delta
Delta Prioritises Primary Healthcare Over Flyover Projects
Niger Delta
C’River Assembly Seeks Crackdown On Drug Abuse
-
Politics3 days agoAPC Releases Adjusted Timetable For Nationwide Congresses, Convention
-
Business2 days agoCustoms Seek Support To Curb Smuggling In Ogun
-
Sports2 days ago
DG NIS Wants NSC Board Constituted, Seeks Increased In Funding
-
Sports2 days agoSWAN Rivers Set-up Five Functional Committees
-
News2 days ago
Police Bust Kidnapping Syndicate In PH
-
Sports2 days ago
NSC Disburses N200m Training Grants To 26 Athletes
-
Featured2 days agoINEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
-
Sports2 days ago
‘NTF Will Build On Davis Cup Success For Brighter Future’
