WE’LL REMAIN TRANSPARENT IN THE DISBURSEMENT OF OGUN /BOI LOAN SCHEME ---- GOVT. The Ogun State Government has assured that it would remain unbiased and transparent in the disbursement of loans to beneficiaries under the State and Bank of Industry one billion naira loan scheme. The commissioner for Commerce and Industry, Otunba Bimbo Ashiru gave the assurance at the inaugural meeting of the Ogun state council on Micro, Small and Medium Scale Enterprises(MSMEs) held in Abeokuta. Ashiru enjoined all MSMEs to follow due process in obtaining the loans facility, decrying the attitude of some of the operators towards the facility which was not in tandem with the laid down procedures. He noted that Small and Medium Scale Enterprises (SMEs) had become the main economic growth strategy globally, considering its high employment generation capacity, saying that State government focused on the SMEs development through the loan scheme. “In the past, governments have been paying lip service to the issue of SMEs that is why things are not moving as it should. The major driver of any economy are the SMEs and the jobs they are creating now is still far below what we are expecting in this country”, Ashiru remarked. The Commissioner projected that the State hoped to create over 100,000 jobs within the next two or three years through the MSMEs, charging entrepreneurs in the country to evolve good ideas and innovations that could lead to the expansion of their businesses and positively impact on the economic growth and industrial goal of the nation. Ashiru said the council meeting was meant to look into The National Policy on MSME holistically and decide on the way forward. In his goodwill message, the Special Adviser to the Ogun State Governor on Commerce and Industry, Mr Femi Ogunsola urged the council members to take advantage of the forum to work out modalities on how to make SMEs the engine room of job creation in the country. Speaking at the meeting, the representative of the National Association of Small and Medium Enterprises (NASME), Mr. Eddy Aina, stressed the need for synergy between government and stakeholders in the sector to fast track its development. He identified problems militating against SMEs as poor packaging of proposals, poor funding and inadequate training amongst others.
Posted on: Thu, 01 Aug 2013 14:27:06 +0000
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