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NASSI Restates Commitment Towards Entrepreneurial Dev

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The National Association of Small Scale Industrialists NASSI has reassured it commitment towards the promotion of entrepreneurial growth and development in the country.
The National President of the association, Dr Solomon Daniel gave the assurance while inaugurating a seven man electoral committee in Rivers State to organise a transition for the association. The National President of the association said the only criteria for the association to succeed was to work in one accord and become resolute in their plans.
He pointed out that lots of loan opportunities and other incentives exist but are inaccessible because of lack of developing focus and unity of purpose among members of the association.
He commended the Rivers State Ministry of Commerce and Industry for their intervention into the crisis of the Rivers State chapter of the association and urged the members of the association to embrace peace and work collectively to achieve their goals and objectives.
The president also charged the Eleco members to ensure the conduct of credible election for the association.
In her remarks the Head of SMES in the Ministry, Amieye Satty thanked the National President for the visit to Rivers State and urged members of association to key into the template set by the the president to achieve their aims.
She assured of the commitment of the Ministry to create the enabling environment for enterprise development to strive in Rivers State.
Speaking shortly after the inauguration ceremony which held at the Board Room of the Rivers Ministry of Commerce and Industry, the chairman of the Electoral committee, Dr Mechi Brown assured that the committee would live up to it’s mandate and called for the support of members of the association to enable a smooth transition.

By: Taneh Beemene

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SMEs

NASME Tasks Entrepreneurs To Use AfCFTA To Grow Businesses

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The Nigerian Small and Medium Enterprises Association (NASME) has called on Micro Small and Medium Enterprises (MSMEs) to explore the benefits that the Free Trade Agreement (AfCFTA) offers to grow their businesses.
NASME National President Dr. Abdulrashid Yerima made the appeal in an interview with The Tide source in Abuja.
It also commissioned entrepreneurs to explore the 18th MSME Summit and Expo positioned to provide a powerful platform to expose MSME operators to opportunities to do business within and outside Nigeria, especially within African countries.
The theme of *the summit scheduled for Thursday and Friday in Abuja is “Positioning MSMEs* for the opportunities of the African Continental Free Trade Agreement.”
“While the event would provide an avenue for industry experts to discuss a regulatory framework for full participation in AfCFTA, it would expose MSMEs to various financing windows for development projects.
It would also stimulate an efficient synergy that could drive the growth and development of MSMEs in Nigeria, as well as create marketing opportunities for products made in Nigeria,” Yerima said.
We gathered that no less than 300 MSMEs are expected to exhibit their products and services, among others.

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PH Co-Operative Floats Microfinance Bank, Next Year

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The President of iEBS-Matrixx Co-operative, Amb Larry Goodwill Ajiola, says the group has concluded plans to float a Microfinance Bank in Port Harcourt in 2022.
Ajiola said this during the Co-operative’s last general meeting for the year at L A Kings in Port Harcourt over the weekend.
iEBS President said the Co-operative members would have their passbooks and identity cards, stating that the group would launch into, “real estate ownership, home appliance ownership and transportation business ownership”.
He also noted that other co-operatives are affiliating with iEBS-Matrixx on the federal government loan and other investment which would kick-off next year.
Ajiola reiterated that the group has met all the requirements for the disbursement of some of the loans, which he said maybe accessed before the end of the year.
He expressed worry over what he called impatient and insulting attitude of some members towards federal government loans and grants, adding that most times some leaders frustrate what is expected to benefit the masses.
The secretary of the Co-operative, Mr. Ifeanyi …….. stated the need for the members to be prayerful, adding that the leaders need the grace of God to execute the investment plans.
He noted that most times those at the herm of affairs sits on approvals that have already been given, adding that it takes prayers for such approvals go through.
In his contribution, the chairman of one of the affiliated group, ‘Crested Wealth co-operative’, Mr. Homfrey Ogebek, expressed satisfaction for affiliating with iEBS-Matrixx.
Ogebek noted that his group has generated over 250 members within two weeks for some of the Co-operative programmes, adding that his group has members across the nine states of the South South and South East zones.
Referring to the tension in the members, he said, “it is not easy to lead people. The challenges are much, so there is a great need for members to keep faith alive because iEBS-Matrixx has a huge investment at hand”

By: Lilian Peters

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SMEs

BoI Honoured For Financial Inclusion Initiatives

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The Bank of Industry (BoI) has been honoured at the just-concluded Sust-ainability, Enterprise and Responsibility Awards also known as the SERAS CSR Awards 2021.
Specifically, BoI won the award for the ‘Best Company in Financial Inclusion’ in recognition of its development impact in providing solutions to ensure that financial services are more accessible to unbanked and under-served groups. The Bank also received the award for ‘Best New Entry.’
Speaking on the awards, Managing Director/Chief Executive Officer, Bank of Industry, Olukayode Pitan, said “We are honoured to be recognised for our continuous efforts and strategic investments aimed at improving financial health and inclusion within Nigeria’s business landscape and economy.
“We remain committed to galvanizing more resources to scale up impact for economic, environmental and social responsibility, in line with our business strategy for sustainable development.
“These awards align with our mission of transforming Nigeria’s industrial sector through sustainable business practices as Africa’s leading Development Finance Institution operating under global best practices.”

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