31 Edo Firms Get BOI’s N2bn MSME Fund

THIRTY-ONE firms in Edo State have received letters to benefit from N2 billion Micro, Small, and Medium Enterprises (MSME) Fund being provided by Federal Government’s Bank of Industry (BOI) in partnership with the Edo State Government.

The 31 businesses got the letters after they were screened and selected to benefit from the money meant to support entrepreneurship.

A statement from the Edo State government on Thursday said the MSME Fund is an initiative Governor Godwin Obaseki, to provide financial and support services to qualified MSMEs in the State. The fund targets over 50,000 businesses.

READ ALSO:Edo To Begin Enforcement Of No Vaccination Card, No Access To Govt. Facilities Sept. 15 — Official

Some of the companies that received the fund include Seebuck leather ventures, Prospect farms, MS Above Enterprise, EDHIR Global Nigeria, Global Ehimax Trading, among others.

Managing Director of the Edo State Skills Development Agency (EDOJOBS), Mrs. Ukinebo Dare, who represented Governor Godwin Obaseki at the handing over of the offer letters, said the fund is the product of a partnership between the Edo State Government and the Bank of Industry to help grow and develop businesses in the state.

She also urged business owners to take advantage of the different opportunities provided by the government to stimulate economic activity in the state such as the Edo Online Marketplace on Konga, where they can advertise and sell their products.

The offer letters were presented to the beneficiaries by Dare; the State Manager of the Bank of Industry (BOI), Mr Christopher Omogiade and the Edo State MSME Project Coordinator, Mr Collins Idiahi.
On his part, Omogiade noted that the next phase involved the preparation and submission of attestation and acceptance letters for legal counsel.
He thanked the Edo State government for not relenting in its job creation and business promotions drive.