'Small businesses can't access Bank of Industry'

Date: 2014-06-24

An industrialist in Kwara State, Chief Hezekiel Adediji, said many small businesses cannot access the Bank of Industry intervention programme, calling on the government to put in place micro-credit scheme for small and medium scale enterprises.

Adediji, who is the Chairman, Kwara Coalition of Business and Professional Associations (KWACOBPA), told newsmen in Ilorin that many businesses collapsed due to lack of access to finance.

He said: "Most small industries cannot access Bank of Industry and that is why we are pleading with the government, most especially government of Kwara State, to make it mandatory to provide money out of the budgetary allocation to support the people of Kwara State who are in the private business."

The chairman, who is also the President, Chamber of Commerce, Industries, Mines and Agriculture (KWACCIMA) in the state, called for the enactment of a microcredit law to assist small businesses in the state.

He said KWACOBPA, comprised of 21 professional and business associations, would focus on creating the necessary awareness on the need "for a micro-credit fund scheme for SMEs in Kwara State that will be administered through a commercial bank." Adediji, who is the Chairman of Padson Industries, said the microcredit scheme was necessary to address the problem of unemployment in the country. The chairman noted that out of the 2, 365, 353 population of the state, only 8,000 and 6, 500 were employed by the government in the core civil service and the teaching service commission, implying that less than one percent was employed by government.

"With the above statistics, the only option for our dear state is to urgently enhance the capacity of the private sector to provide the needed jobs to avert the looming catastrophe", he warned.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Hussein Olokooba     Yakubu Gobir     Maimunat Oloriegbe     Bio Ibrahim     Basit Olatunji     Ilesha-Baruba-Gwanara     Lawyers Unite Against Corruption     Lawal Arinola Kudirat     Sarafadeen Kayode Akorede     Kwara State University Of Education     Oloye     Ajuloopin     Rebecca Bake     KFA     Roseline Oni Aremu     Diagnostic Centre     Maigida     Mansurat Amuda-Kannike     Omu Aran     Belgore     Valsolar Consortium     Haliru Yahaya     Haliru Dantoro     Oloruntoyosi Thomas     Ibrahim Mashood     Abubakar Aliagan     Ado Ibrahim     Alikinla     Bond     Ghali Alaaya     Idris Amosa Saidu     Ilorin Innovation Hub     Amusa Bello     Dauda Adeniran Adeshola     Abdulrazaq Aiyelabegan     Abdullahi Dasilva Yussuf     Adisa Logun     New Nigeria People’s Party     Olatunde Oyeyiola     James Ayeni     Women Radio     Adesoye College     Tayo Awodiji     Government House     Adebara     Ayo Salami     State Bureau Of Internal Revenue     IQRA College     Unilorin FM     Ilorin     Adegoke Bamidele     Ilorin Central Mosque     April 11     Aliyu Muhammad Saifudeen     Muslim Cementary     Rotimi Samuel Olujide     Okoolowo     Fatima Abolore Jimoh     Code Of Conduct Bureau     Congress For National Consensus     Yakub Lai Gobir     Convocation Ceremonies     Aliyu Alhassan     Dele Momodu     Baba Idris     Yemi Osinbajo     TESCOM 2025     Falokun-Oja     Abiodun Jacob Ajiboye     MAI Akande     Mohammed Lawal Bagega     TIC     Isiaka Rafiu Mope     Saidu Yaro Musa     Esuwoye     Mary Arinde     Oke-Kura    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Kwabes     Solomon Edojah     Suleiman Alege Kuranga     Offa     Kolo     Lateef Alagbonsi     Olatunji Abdulmumeen     Elerinjare-Ibobo     Eghe Igbinehi     Igosun     Salihu Jibril Garbi     Col. Adedipe     Sanusi Abubakar     Sarafadeen Kayode Akorede     Arca Santa     Bola Shagaya     Sherif Shagaya     NNPP     Alao Ayotunde     Alfa Modibo Belgore     Awwal Jawondo     Ope Saraki     Lithium     Kpotum Mohammed Baba     Adeola Abraham     Onilorin Of Ilorin     Forgo Battery     Okasanmi Ajayi     Kamaldeen Ajibade     Gurei     Yaman     Code Of Conduct Bureau     Road Transport Employers Association Of Nigeria     Maryam Nurudeen     Funmi Salau     Sabitiyu Grillo     Adamu Attah     Moses Salami     CELF     Orire     Abubakar Ndakene     Ajia-Bako     Ajakaye     Abraham Ojo     CCB     Musibau Akanji     Ella Supreme Tissue Paper     TETFUND     Alaiye     Onilu     Amina Susa\'a De Ahmed     Gbemisola Saraki     Nigerian Correctional Service     Rotimi Oyedepo     Oyun     Muhammad Mustapha Suleiman     Sherif Sagaya     Ilorin South     Mope Dasuki Belgore     Afeyin-Olukuta     Kehinde Boyede     Kwara State Coalition Of Business And Professional Associations     Waheed Ibrahim     Ishaq Abdulkarim     Temi Kolawole     Salihu Alhaji Musa     Ita-Ore     Suleiman Ajadi     IHS     Jamiu Oyawoye     Umar Ahmed Gunu     Centre For Community Empowerment And Poverty Eradication     Yusuf Mubarak     Abubakar Imam     Kulende     Aishat Mohammed Lawal     Ahmed Mohammed Rifun