Increase funding for industries, KWACCIMA urges lenders

Date: 2016-12-16

The new President of the Kwara Chamber of Commerce, Industry, Mines and Agriculture, Alhaji Ahmed Raji, has urged the Bank of Industry, Bank of Agriculture and other financial institutions to increase their lending to manufacturers, industrialists and Small and Medium Enterprises.

He said there was a need for increased financing for industrial and business activities to get Nigeria out of its current recession.

He spoke on the sidelines of the 48th Annual General Meeting of KWACCIMA in Ganmo, Ilorin, the Kwara State capital.

He, however, cautioned that applicants for the funds must meet the requisite criteria to ensure that the funds were not misappropriated or diverted to other non-business activities.

He said that recession was inimical to industrialisation and business growth, but noted that it was a global phenomenon.

Raji lamented the closure of factories, industries and other businesses in Kwara, adding that it was imperative to make the environment friendly to investments.

He also urged manufacturers to be creative and innovative, saying that with integrity, their businesses would grow.

He also pleaded with the federal and state governments to invest more in infrastructure.

Raji said. "For business to thrive, there must be provision of infrastructure. What is the level in Nigeria? Most businesses in Nigeria are driven by power. We are not getting things right. But with the policy of the present administration, we could get there because corruption has been doing a lot of damage. All the money that people stole, if they could invest it in Nigeria, it will go a long way to help the people."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olomu Of Omu-Aran     Bank Of Industry     Abdulhakeem Adelaja Amao     Hassan A. Saliu     Sanitation Exercise     Opolo Global Innovation Limited     Onilorin     Sarah Jubril     Suleiman Idris     Aminu Adisa Logun     Dairo Kunle Paul     NSCIA     Kwara State Coalition Of Business And Professional Associations     Funmilayo Braithwaite     Abdulrahman Abdullahi Kayode     Oba Mogaji Abdulkadir     Bola Sagaya     Omotosho     Bayo Mohammed Onimode     Tinubu Legacy Forum     Abubakar Baba Sulaiman     Fareedah Dankaka     General Hospital, Offa     Tafidan Kaiama     Khairat Gwadabe     Chief Of Staff     College Of Education     TESCOM 2025     Ayekale     Kwara Apc     Sidikat Akaje     Abdulrazaq Magaji     3MTT     Baba Issa     Mohammed Katsina Ahmed     Jeunkunu-Malete-Bani     John Obuh     Bello Oyebanji     NURTW     Al-Ilory     Abubakar Baba     Rasaq Jimoh     Sabi     Salihu S. Yaru     FOMWAN     Al-Hikmah Radio     Harrison Osauwagboe     Quareeb Islamic Association     Coalition Of Kwara North Groups     Akorede     Ahman Patigi     Park     Okeose Christian Cementary     Buhari     Odolaye Aremu     Joseph Daudu     Baboko Primary School     Bilikisu Oniyangi     Jumoke Gafar     N-Power     Samuel Adedoyin     Alagbado     Orire     Federal Road Maintenance Agency     Ilorin     Hassanat Bello     Olatunde Olukoya     Ilorin Emirate     Isiaka Oniwa     Adamu Attah     Albert Ogunsola     Ilorin Talaka Parapo (ITP)     Www.Kwarareports.com     Babata     Bayer Nigeria Limited     Okin Biscuits     Ayo Salami    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Mohammed Katsina Ahmed     Lola Ashiru     Idiagbon     Funke Adedoyin     Emir Of Lafiagi     Association Of Kwara State Online Media Practitioners     Temi Kolawole     Dar-Al-Handasah Consultants Ltd     Elections     Kwara South     Sheriff Olanrewaju     Abdulrazaq Magaji     Air Peace     Press Release     Lafiagi     Budo Egba     Moshood Kashimawo Abiola     Afusat Nike Ibrahim     KWSIEC     Yahaya Seriki Gambari     Col. Ibrahim Taiwo     Oyelere Oyinloye     Javed Khan     Tanke     Abdulganiyu Salahudeen     Students Union Government     Kwara State Fish Farmers Association     Ishak Mohammed Sabi     Government Girls’ Day Secondary School Pakata     Tuesday Assayomo     Offa Poly     Oye Tinuoye     Aisha Gobir     Ibrahim Oloriegbe     Amuda Aluko     SAPZ Project     Unicontinental Construction Company     Apado     Ilorin Emirate Stakeholders Forum     Suleiman Rotimi Iliasu     Aisha Ahman Pategi     Federal Allocation     Olusegun Adeniyi     Muhammad Yahya     James Ayeni     Government High School (GHS), Adeta     Odolaye Aremu     Oasis Muslim Care Foundation     Abdulkadir Bolakale Sakariyah     Imam Gambari     The Herald     Tunji Arosanyin     IQRA College     Kwara Metro Park     David Oyepinola Adedumoye     Harmony Holdings     Iyaloja-General     JAAC     A.E. Afolabi     Amada Jidda     Folorunsho Alao     Ahmad Uthman     COVID     Firdaos Amasa     Fulani     Senior Special Assistant On Student Affairs     Third Estate     International Vocational Centre     Mutawalle     MalHub     Kayode Ibrahim     Saliu Ajibola Ajia     Ayinde Oyepitan     Aro Yahaya     Alimi Abdulrazaq     IYA YUSUF     Kamaldeen Gambari