Kwara Sets Up Agency to Access CBN's MSME Fund

The Kwara State government has established micro-small and medium enterprises agency that would access N2 billion out of the N220 billion Central Bank of Nigeria (CBN's) micro,  small and medium enterprises funds (MSME) development fund meant for the state.

Speaking with journalists  in Ilorin yesterday after the outcome of the state government  weekly executive council meeting, the Senior Special Assistant on Media and Communication, Dr. Femi Akorede said the agency would also see to the full implementation of N750,000 empowerment funds that wound  be utilised by over 48 co-operatives societies in the state.

According to him

SMEDAN moves to stimulate MSMEs operations through commercial banks’ financing

Bature Umar Masari, director-general, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has disclosed that efforts are nearing conclusion to involve commercial banks in the finance of Micro, Small and Medium-scale Enterprises (MSMEs) operating in the country under the recently-launched National Enterprise Development Programme (NEDEP).

The director-general says the Agency is now looking beyond the contributions of known three implementing partners, namely Bank of Industry (BoI), Industrial Trainning Fund (ITF) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to the