'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.

Mahmud Ayinla Giwa     Moses Salami     Olosi Of Osi     Rafiu Ibrahim     Kwara State Pension Board     Alapansapa     Tunde Yusuf     Suleiman Rotimi Iliasu     Abdulfatai Salman Baakini     Sola Saraki Educational Foundation     Rashidi Yekini     Goodluck Jonathan     Overland     Kunbi Titiloye     Ojuekun     New Model Police Station     Mansur Alfanla     Ekiti     Umar Gunu     Segun Adeniyi     Towobola Abdulrahman Toyin     Idiagbon     Garba Ado Sanni     Musa Aibinu     Omu-aran     TIIDELab     Shehu Salau     Sobi FM     Mukhtar Shagaya     Turaki Of Ilorin     Salman Suleiman     Arinola Fatimoh Lawal     Sadiq Umar     KWTV     Umar Yakubu Jaja     Eghe Igbinehi     Bukola Saraki     Kwara     Federal Polytechnic Offa     Ella Supreme Tissue Paper     Turaki     Muyiwa Oladipo Kanu     Bola Ahmed Tinubu     General Tunde Idiagbon International Airport Ilorin     Nigeria Foundation For Artificial Intelligence     Salihu S. Yaru     Tunji Folami     Kaosarah Adeyi     Ibrahim Abiodun     Jimoh Saadudeen Muhammed     Abdulwahab Ololele     Owode Market     Olusin Of Ijara Isin     Al-Hikmah Radio     Kale Ayo     Rebecca Bake     AGF Abdulrazaq     Muhammad Akande Olarewaju Odunade     Hassan Saliu     Matthew Babaoye     Jare Olatundun     Omotoso     Alfa Modibbo Belgore     Bolakale Saka     CELF     TESCOM 2025     Muhammad Ghali Alaaya     Ilorin International Airport     Ibrahim Oloriegbe     Ogbondoroko     Ishaq Abdulkarim     Henry Olaosebikan     Abdulrazaq Aiyelabegan     Ado Ibrahim     Kwara State Government     SWAN     Abdulraufu Mustapha    

Cloud Tag: What's trending

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

Muslim Cementary     Abdulrahman Abdulrasak     Solomon Edojah     Clement Yomi Adeboye     National Broadcasting Commission     Tafida Of Ilorin     Iponrin     Adanla-Irese     Innocent Okoye     CCB     Samuel Adedoyin     Adebara     Kwasu     Zaratu Umar     SWAN     Temitope Ogunbanke     Ilota     Asa     Folashade Omoniyi     Trader Moni     Titus Suberu-Ajibola     Abubakar Suleiman     Sobi     Magaji Erubu     IYA YUSUF     Katibi Ibraheem Adeola     Ibrahim Kayode Adeyemi     Adamu B. Yaqubu     Ayobami Akanbi     Rafiu Olasile     GGDSS Pakata     Sobi Hill     Post-utme     Alabi Lawal     Alore     Salmon Babatunde Salmon     Manzuma     Ekiti     Trade Lenda SME Fair     Tinubu Legacy Forum     Usman Yunusa     Ibraheem Adeola Katibi     CCEPE     Segun Ogunsola     Oluranti Idowu     Fatimat Saliu     Afonja Descendants Union     Bello Oyebanji     Ayinke Saka     Joana Nnazua Kolo     Lawal Olohungbebe     Ahmad Ali     Ajeigbe     Aliyu U. Tilde     Zubair Folorunsho Erubu     Iyaloja-General     Elerin Of Adanla     Christopher Ayeni     Lafiagi     Wahab Issa     Abdulkadir Remi Hawawu     Tosho Yaqub     NYSC     General Hospital     New Naira Notes     Abdullahi Adisa Akodudu     Ibrahim Labaika     Mashood Dauda     Garba Ayodele Wahab     Babajide Ajayi     Aliyu Salihu     Guber Aspirant     AbdulRazaq Abubakar Jiddah     Ajuloopin     Gbadeyan Gbadura Yomi     Aremu Bose Deborah     Emmanuel Bello