Coalition urges Kwara to access N220bn MSME fund
The Kwara State Coalition of Business and Professional Associations has urged the Kwara State Government to sign a Memorandum of Understanding with the Central Bank of Nigeria to enable it to access the N220bn Micro, Small and Medium Enterprises Fund.
It stated that the state should meet the conditions for the fund as contained in Section 6.10 of the revised microfinance policy, regulatory and supervisory framework for Nigeria.
The KWACOBPA Chairman, Chief Hezekiah Adediji, spoke in Ilorin on Thursday on behalf of the coalition during the public presentation of its '2016 issues-specific policy materials,' for business growth in the state.
It said the recommendations would be sent to the state's Governor Abdulfatah Ahmed for consideration and possible implementation. He added that the group was of the opinion that the state government should obtain N2bn fund for the benefit of the business owners in the state.
According to the group, if these are done, 20 per cent of collapsed businesses in the state will be resuscitated, and about 35 per cent new jobs will be created. It added that revenue to the government would increase; standard of living would improve and there would be reduction in crime rate in the state by 35 per cent.
It also said the state government should make it a law to set aside one per cent of the state's annual budget to support private sector yearly. It also recommended greater provision of infrastructure such as good road network, bridges, improvement in the power supply and security in the state as well as youth empowerment.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Quareeb Local Government Pension Board Akorede Mahe Abdulkadir Rueben Parejo Musa Alhassan Buge Gbadeyan Gbadura Yomi Ahmed Idris Mohammed Lawyers Unite Against Corruption Funmilayo Zubair Ndama Al-hassan Ogbondoroko Abdulrahman Abdulrasak Omu Aran Patience Jonathan Busari Alabi Alausa Abdulrahman Abdulrazaq Ahmad Uthman Kulende-UITH Saba Mamman Daniel Isiaka Abdulrazak Saad Omo\'ya Chief Imam Of Offa Abdul-Rasheed Na\'Allah PAACO-PCL Consortium Kwara State Government UNILORIN Alumni Association Code Of Conduct Bureau Oyin-Zubair Yunus Oniboki LABTOP Ilorin.Info Gambari Lukman Oyebanji Fagbemi Ibrahim Abduquadri Abikan Olohungbebe Ahmed Ayinla Jimoh 20 Billion Bond Arik Haruna Olawale Sulaiman Senate Women For Change And Development Initiative Ijakadi Samuel Elizabeth Keatswa Durosinlohun Kawu Apaola Olabode George Towoju Iyabo Adewuyi Yusuf Amuda Abubakar Fola Consultant Emir Of Shonga Vishvas KOZ Tractors Razaq Ayobami Akanbi Haliru Dantoro SGBN Kwara Politics Umar Ahmed Gunu Oyedun Juliana Funke Saheed Popoola Tafida Of Kaiama Oba Mogaji Abdulkadir Ilorin Talaka Parapo (ITP) Yekini Adio Suraj Tunji Oyewale Lanre Olosunde Nigerian Correctional Service Saliu Tunde Bello Balogun Ajikobi Aliyu Kora-Sabi AbdulRahman Saad Tanke Road Adamu Atta Salihu S. Yaru Igbaja Igosun Kwara State Coalition Of Business And Professional Associations Olatunji Abdulmumeen

