Anambra State Government has commenced the disbursement of the N2bn Micro, Small and Medium Enterprises Development Fund.

The state Governor, Chief Willie Obiano, believed that small business owners in the state now have an opportunity to make significant progress.

Obiano said this in Awka on Monday following the inauguration of the Anambra Small Business Agency and the commencement of the disbursement of the N2bn scheme.

The fund is Anambra State’s quota of the N220bn MSME fund domiciled in the Central Bank of Nigeria.

The governor reasoned that lack of fund had been the bane of small businesses, saying this trend would change with the availability of the MSMEs Development Fund, which could be accessed by serious private enterprise operators.

Obiano said, “I am happy that the scheme has taken off in earnest because we worked hard to ensure that we meet the relevant statutory requirements and set up ASBA to superintend over small business activities.
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‘Micro Small and Medium Enterprises constitute the major drivers of my administration’s vision to engender aggressive economic growth and touch the lives of the average citizen of the state positively. I have no doubt that their fortunes will turn around for good and that the local economy will feel the positive impact in no distant time.”

The Governor described the exercise as a consummation of his efforts since inception of his government, to devise a means of directly engaging the MSMEs sub-sector in the task of growing the state economy, creating employment and wealth opportunities for the people.

He urged the staff and management of ASBA to ensure effective implementation of the scheme, such that all bottlenecks, militating against easy access to such intervention by SMMEs would be removed.

The fund is divided into two with N1bn being the disbursement to micro enterprises and the other to small and medium scale enterprises at an interest rate of nine percent.

Chairman of the Board of ASBA, Mr. Greg Obi, identified stringent loan conditions as the major stumbling block to SMEs’ development in the country.


http://www.punchng.com/news/anambra-begins-disbursement-of-n2bn-small-business-loans/

That's when you have a Governor who is ready to move the state forward despite the Federal Government Poor allocations.

Yet Some Pathetic Janjaweedz Governors are owning workers up to 6 fvcking Months Salaries.

Keep it up

Peter Obi has already make a way for you

.
Willie the best governor in West Africa.
God bless anambra people!

And some states cant pay 18,000 minimum wage salary, Why wont Fayose send his kinsmen to Anambra to learn how to survive in this zoo with news like this.

Give the East their own sea port and international airport and watch how development is born. Even at that, they're still growing.

Indigenous medium and small enterprise remains the bedrock of meaningful and sustainable development. We will not join Nigerians in worshiping white men, our own ppl shud be empowered to lead the economic revolution instead of the imperialistic invaders. The reason they avoid the east is because of hot competition from the locals unlike wat our neighbors think

Nonsense. They should open beer palour business and provision shops with the money right. Why can't our leaders think.

PUSH1:
Nonsense. They should open beer palour business and provision shops with the money right. Why can't our leaders think.

has your godfather aregbesola paid you for the past 6 months?

Poor slave. Have u received your 3 cups of rice that your drug baron, kashamu gave to your poverty stricken state governed by an irresponsible rascal?

PUSH1:
Nonsense. They should open beer palour business and provision shops with the money right. Why can't our leaders think.

ichoku2015:
Poor slave. Have u received your 3 cups of rice that your drug baron, kashamu gave to your poverty stricken state governed by an irresponsible rascal?

meforyou1:
has your godfather aregbesola paid you for the past 6 months?

Igbos ranting like Mad dogs. I am not the cause of your hate syndrome.

We must not forget to also acknowledge Former Governor Peter Obi who left $86bn (Eighty six billion dollars) in Government treasury. A man who saved 10% of Anambra allocation monthly and never owed any salary neither did him borrow any money.

Those shameless states owing salaries for months should consult Peter Obi how he did it. Governor Obiano have enough money to sustain the State Economy and also support small and medium businesses for more growth.

Some states haven't paid civil servants since last September and rely on crisis response charities to feed them.

Igbos lead others follow


Has Mallam Rochas paid salaries


We hope Buhari can take a clue from Obiano.

Some Governors will be like!!!!! Chaiiiiii is Obiano a magician?? How come??......... Well he is a banker

abuc:
We must not forget to also acknowledge Former Governor Peter Obi who left $86bn (Eighty six billion dollars) in Government treasury. A man who saved 10% of Anambra allocation monthly and never owed any salary neither did him borrow any money.

Those shameless states owing salaries for months should consult Peter Obi how he did it. Governor Obiano have enough money to sustain the State Economy and also support small and medium businesses for more growth.

86 billion naira or dollars? I believe you meant naira.