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
Flood: NDDC Extends Lifeline To Ayakoro Community
Niger Delta
C’River Deploys Drones To Boost Rural Healthcare Access
Niger Delta
South-South APC Elects New Zonal Executive … Reaffirms Unity Ahead Of 2027
-
News4 days ago
Decentralizing Pipeline Surveillance Poses Greater Dangers To Niger Delta …. Group Warns
-
Politics5 days agoAPC Resumes Electronic Membership Registration Nationwide
-
Rivers5 days agoCourt Rules Out Interim Administration In Jumbo House, Bonny
-
Business4 days ago33 Banks Raise N4.65tn As Recapitalisation Ends
-
Politics4 days agoAlleged Coup: Protests Rock N’Assembly As Detained Officers’ Children, Wives Demand Justice
-
Nation5 days agoNile University Hosts ICA Nigeria First National Confab On Global Communication
-
Sports4 days ago
Lewandowski Leads Top Stars Missing From W/Cup Roll Call
-
Sports5 days agoPara Games: Team Rivers Wins 53 Medals On Day 5 … Director Praise Athletes
