Business
RSG Tasks PHCCIMA On SMEs Funding
Rivers State Government has urged the Port Harcourt Chamber of Commerce Industry, Mines and Agriculture (PHCCIMA) to ensure that its Small and Medium Enterpreneurs (SMEs) scheme does not end in the city, but spread to the grass roots of the 23 Local Government Areas of the State.
The deputy governor of the State, Engineer Tele Ikuru, who gave the charge during the launch of PHCCIMA’s Credit Support Scheme for SMEs in Port Harcourt on Wednesday, said that the state government has established a number of schemes to empower people and develop capacity even at the grass roots, especially through its agencies like the RSSDA.
Ikuru who was represented by the Governor’s Special Adviser on Aquaculture, Mr Alapuye Corttrell, also urged PHCCIMA to provide adequate management for the small businesses where owners should be separated from the business.
With the driving force of employment generation, the deputy governor, said that the scheme should be extended to palm wine tappers, bread sellers and fish traders in the rural areas.
He however commended PHCCIMA for the Free Collateral loan scheme which he said is unusual, stressing that such will boost business and productivity.
Earlier in his speech, the President of the Chamber, Emeka Unachukwu stated that PHCCIMA is interested in small businesses, giving instance of a Uniport student who needed N150,000 to fund his insecticide business, but had no access to funds.
The PHCCIMA president said that the primary objective of the chamber has been to provide support for member organisations, adding that PHCCIMA has devised a new structured credit scheme that will allow organisations access to good funding with low interest and relatively long-term duration.
Highlight of the occasion was the unveiling of the scheme by the deputy governor’s representative in support of other past leaders of PHHCIMA.
The gathering was withnessed by the sho-is-who in business in the state, including representatives of various banks, organizations and industries, including the RSSDA boss, Nobble Pepple who was inducted by the chamber.

L-R: Co-ordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, South African Minister Of Finance, Mr Pravin Gordhan and Executive Secretary, African Capacity Building Foundation (ACBF), Prof. Emmanuel Nnadozie, during the African Ministers of Finance meeting in Abuja last Saturday.
Corlins Walter
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