Kwara Collaborates With FG, BoI To Boost MSMEs

Kwara State Governor, AbdulRahman AbdulRazaq, yesterday said his administration would collaborate with the Bank of Industry to ensure that the federal government’s intervention schemes have sustainable impact on the people of the state.

He spoke  at a stakeholders’ meeting on presidential grants and loan schemes for Small and Medium Enterprises (MSMEs)  in Ilọrin.

Represented by the focal person on MSMEs ,Dr Lawal Olorungbebe, the governor said  beneficiaries of the schemes need to be increased.

He advised  BOI to convene a stakeholders’ engagement to enlighten the residents on how to secure the grants.

AbdulRazaq urged traders and artisans to ensure they use the facility granted them to grow their businesses to an enviable level.

He thanked the federal government and BOI for the introduction of the scheme to assist the small business owners.

Chairman of the Nigerian Association of Small Scale Industrialists, in Kwara State,Olawoyin Solomon said the purpose of the scheme was to raise the capacity of small scale industrialists in the state.

Solomon advised those who secure the loans to ensure prompt repayment to enable others benefit from the scheme.

The chairman ,National Association of Small and Medium Enterprise,Mr Babatunde Aremu hailed the inclusion of Nano traders in the scheme.