'Small businesses can't access Bank of Industry'
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.
Click on a word/phrase to read more about it.
Nurudeen Mohammed Ibrahim Bio Olukotun Of Ikotun High Court Kwara Basketball Association Shoprite Metro Park Samuel Adaramola Bola Shagaya NIPR Sango-UITH Road Adijat Adebiyi Idi-Ape KWTV Local Government Onikijipa Afolayan Plat Technologies Limited Kwarareports.com Kwara 2023 Kwha.gov.ng Adam Abdullahi Al-Ilory Florence Saraki Abdulmumin Yinka Ajia SWAN Ramadhan Ajayi Okasanmi Hussein Olokooba Ajasse-Ipo Ekweremadu Bayer Nigeria Limited Tosho Yaqub Olayinka Are Mustapha Olanipekun Oju Ekun Sarumi Abdulfatai Baakini Raymond Olaitan A.G.F Abdulrasaq Buari Edun Muhammad Akande Olarewaju Odunade Abdulrahman Abdulrazak Quarry Royal Valley Apaola NSCIA College Of Arabic And Islamic Legal Studies Omu-aran Bamidele Aluko CELF Cornelius Adebayo Umar Bayo Abdulwahab Kayode Oyin-Zubair Lanre Olosunde Modupe Oluwole Ajase-Ipo Nigeria Customs Service Henry Olaosebikan Saka Onimago Yinka Aluko Rex Olawoye Afeyin-Olukuta Lateef Alagbonsi Imam Gambari Rafiu Olasile Kwara Coalition Of Business And Professional Associations Bola Sagaya Saba Jibril Roseline Oni Aremu Dan Masanin KFA Jani Ibrahim Jaigbade Alao Joseph Bamigboye Shero Abdullahi Atanda Abdulrahman Abdulrasaq Ezekiel Yissa Benjamin Kupchi Hosea Maxwell