Adamawa Govt. To Get 1 Billion Naira From CBN For SMEs
Reprieve is coming the way of small business owners in Adamawa State.
The State’s Executive Council on Wednesday authorised the government to access 1 billion naira from the Central Bank of Nigeria, CBN, in order to provide funding for the Small and Medium Enterprises, SMEs.
Addressing newsmen after the council’s meeting in Yola, Alhaji Iya Daware who is the Commissioner for Commerce, said the gesture was to boost small scale businesses in the state.
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Daware said that the decision was to demonstrate the commitment of the administration to empower the people of the state.
He added it would further demonstrate that the administration considered human capital development very important.
According to him, apart from the giant strides in physical infrastructure, “we are now shifting to the human capital development in the state”.
The commissioner gave the assurance that the funds would be distributed fairly to operators of small and medium scale businesses, to achieve the purpose.
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