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Edo State Government To Empower Over 3000 MSMEs
By Ikhili Ebalu, Benin City
The Edo State government is set to break new ground with 300 Hundred million naira partnership grant to empower over 3,000 Micro, Small and Medium Enterprises across the State.
The package, which is in collaboration with United Nations Development Programme (UNDP) and Bank of Industry (BOI), is geared towards fostering conducive business environment.
The gesture is borne out of the need to mitigate the impact of economic hardship in Nigeria, the Managing Director, Edo State ppl Promotion office (ESIPO), Kelvin Uwaibi.
Addressing a Press Conference in Benin City Uwaibi said the group decision to keep the public abreast of the activities of the State-own Investment Promotion and spotlight the opportunities ahead.
He revealed that the State government had entered a Memorandum of Understanding (MoU) with Bank of Agriculture (BoI) and LAPO Micro finance bank.
The MoU facilitated the launch of N2,000,000,000 (Two billion Naira) to support 50, 000 MSMEs, to support ease of doing busineses in the State.
He also listed the establishment of a one-stop -shop, which will serve as a centralized platform for businesses to access different services as one the agency’s milestones.
In addition, the agency has being working on tax unification to prevent multiple and illegal taxation towards a hitch-free hassle in the ease of doing businesses in the State.
