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GEM Project Targets 100,000 Jobs by politricks: 12:23pm On Nov 04, 2015 |
Project Coordinator, Growth and
Employment Project, Mr Sani
Labaran, has said the venture
was aimed at creating about
100,000 jobs upon completion. Labaran made the disclosure
while speaking with newsmen on
the sidelines of the GEM Equity
Window Launch on Tuesday in
Lagos. According to him, the project is
open to every Small and Medium
Scale Entrepreneur without
discrimination. “Everybody has equal
opportunity,” Labaran said. He explained that the ultimate
aim of the project was to ensure
the growth of the economy
beyond oil. The coordinator said that
interested investors should
register on the Business,
Innovation and Growth platform
to qualify for the equity
financing through the GEM project. He added that SMEs must first
be registered with the
Corporate Affairs Commission to
be eligible. Labaran said, “It became
effective in July 2013. It is a
five-year programme. “But what we are saying is that
whoever we support in the next
few years should become
effective in whatever business
he is doing. “Whoever we support must be
able to stand on his or her own.
The GEM project has a life span
that will expire by September
2018. “If the objective of the project
is achieved, we can ask the
government to create more
projects that will be financed by
the World Bank.” He advised SMEs to leverage on
the opportunities created by the
performance and equity grant
segments of the project.
http://punchng.com/2015/11/3862 |
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