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Edo Govt Empowers MSMEs in Agenebode with Access to Credit
…. Partners BOI, NIRSAL, LAPO, and Edojobs
By Osaigbovo Frank Okundia
The Edo State Investment Promotion Office (ESIPO)-Ease of Doing Business Secretariat, in collaboration with the Etsako East Local Government Council, Edo State Skills Development Agency (Edojobs), NIRSAL Microfinance Bank, the Bank of Industry (BOI), and LAPO Microfinance Bank, hosted an information session on access to credit for Micro, Small, and Medium Enterprises (MSMEs) in Agenebode.
The event, held on Thursday, November 20th, 2024 at the Council Hall aimed to empower local businesses by providing them with the necessary financial resources and support to grow and thrive.
In an opening remark, the Team Lead for Investment Promotion and Global Outreach at ESIPO, Abdul-Kadir Abdullah emphasized the state government’s dedication to ensuring a conducive business environment in Edo State. The One-Stop Investment Centre (ES-OSIC) was highlighted as a key initiative to streamline processes and reduce bureaucratic hurdles for businesses.
According to him, “For us in ESIPO, the ease of doing business Secretariat, Edo North is a major industrial hub in Edo State and we are ready to facilitate more investments into the region working with the LGAs”
The Chairman of the local government council, High Chief Benedicta Attoh, expressed her vision for the region’s economic development. She outlined plans to establish a trailer park in Okpella and an ultra-modern fish market in Agenebode, leveraging the area’s strategic location and natural resources.
Representatives from BOI, NIRSAL Microfinance Bank, and LAPO Microfinance Bank shed light on various credit products and financing options available to MSMEs. These institutions are committed to providing financial support and guidance to local businesses.
By bringing together key stakeholders and providing access to vital resources, this initiative is expected to significantly impact the economic landscape of Agenebode and the entire Etsako East Local Government Area.
