NGO, Firm Sign MoU To Promote SMEs

A non-governmental organisation, Global Youth Skills Acquisition and Poverty Eradication Organisation (GYSAPEO) and Hugogeochris Investment Limited are set to support the growth and development of small and medium scale enterprises (SMEs) in Nigeria.

At the signing of a memorandum of understanding between the duo, yesterday in Abuja, the CEO, GYSAPEO, Dr Emmanuel Chucks Ozegbe, said the collaboration aims to provide an enabling environment for SMEs to thrive and expand their operations.

Ozegbe stressed that SMEs are vital contributors to the nation’s economy.

Describing the initiative as ‘’Gysapeo Market Money Scheme”, he said the move was part of the organisation’s efforts in recognising the crucial role played by SMEs in Nigeria’s economic landscape.

He also said the organisation had long been committed to supporting and empowering these businesses and would not relent in its efforts.

The chief executive officer of Hugogeochris Investment Limited, Nnaji Chinedu Ugo George, said that his company is ready to provide the funds needed to kick start the project with immediate effect.

“We have confidence with Gysapeo to drive the project successfully to promote SMEs.

“This MoU is a memorandum of understanding of our project on Gysapeo Market Money Scheme. Market money is a project where we encourage our small and business owners with small loans to support their businesses so we are partnering with this company to empower people to expand their businesses.

“It trains you on business, evaluates you, empowers you and mentors you to grow from one point to the other in your small-scale business”, he said.