Small scale industrialists in Kebbi will benefit from the scheme.
The Central Bank of Nigeria (CBN) has earmarked N420 billion as Credit Guarantee Scheme for Small and Medium Scale Enterprises in Kebbi State.
Sama’ila Kangiwa, the Secretary of the Nigerian Association of Small Scale Industries (NASSI) Kebbi State, disclosed this in a statement in Birnin Kebbi on Monday.
Mr. Kangiwa said that the bank would collaborate with the state government to disburse the fund.
He said that the bank would put in place a programme to promote agriculture and other agro-allied ventures to meet the needs of small and medium enterprises in the country.
“The CBN will collaborate with the Kebbi Government to explore its economic potentials to the fullest for the overall development of the state and Nigeria,’’ he said.
Mr. Kangiwa urged members of the association and entrepreneurs to ensure they benefited from the scheme, especially in the utilisation of funds to develop their commercial and micro-finance projects.
The CBN representative, Ahmad Waziri, told the News Agency of Nigeria that an entrepreneurial development centre would be established in the state to strengthen and develop entrepreneurship ventures.
Umaru Dikko, Kebbi State Chairman of NASSI, also said that the association would ensure members benefited from the newly introduced credit guarantee scheme of the bank.
He said that the association would partner with the bank in an enlightenment drive and other economic development ventures.
(NAN)
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