SMEs Loans: NASSI seeks KWSG intervention

Date: 2016-11-29

The Kwara State chapter of National Association of Small Scale Industrialists (NASSI) has called on the state government to facilitate access to loans by members from the Bank of Industry (BoI).

The Federal Government recently released N200billion loans through the Bank of Industry to boost the small and medium scales enterprises last month.

Speaking to Pilot Business on Sunday, the state Chairman of NASSI, Mr. Solomon Olawoyin said "the requirements by the BoI in acquiring recent Federal Government intervention funds for SMEs is stringent.

Some of the conditions, according to him include credit worthy promoters who will be required to prove their commitment to the project by contributing at least 25 per cent of the project cost excluding land.

"Project that use largely domestic raw material with at least provision of a sponsor and financier within one's local environment.

"It must be technically feasible, commercially viable and economically desirable and the conditions for collateral are not within reach of members," he added. Olawoyin also noted that the demand for creation of forward and backward linkages with the rest of the domestic economic is a major challenge for another the association.

The NASSI boss stressed that the Federal Government has a lot of SMEs loans but the procedures and processes by BoI is frustrating.

Source

 

Cloud Tag: What's trending

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

Odo-Owa     Tunji Olawuyi     Kawu Baraje     Abdulrazaq Solihudeen     Salihu S. Yaru     David Oyepinola Adedumoye     Arandun     Usman Yunusa     Shuaib Olarongbe     Facebook     Abdulraufu Mustapha     Ibrahim Labaika     Olokoba     Kwara Polytechnic     Yahaya Seriki Gambari     Post Utme     Abdulrasheed Lafia     Shade Omoniyi     Fareedah Dankaka     Abdulazeez Uthman     Ladi Hassan     Sulaiman Gado     Ekweremadu     AbdulHakeem Ajibola Akanbi     Kale Ayo     Henry Olaosebikan     Odogun Olushola Gabriel     Gbemisola Saraki     Abdulraheem Olesin     Baakini     Emir Of Yashikira     TVC Female National Debate     Abdulrazaq Adebayo     Aliyu Sabi     Kwarareports     Frootify     Tsado Manman     Saad Belgore     Idris Amosa Oladipo Saidu     Lanre Badmas     Sheriff Olanrewaju     Folorunsho Alao     Offorjama     Joana Nnazua Kolo     Taofik Abiodun Ahmed     Sabo-Oke     Wahab Abayawo     Third Estate     Rashidi Yekini     Jaiz Bank     Ballah     General Hospital, Ilorin     Bursary     Marufat Oladosu     Abdulrahman Abdullahi Kayode     Abdul Jimoh Mohammed     Maigidasanma     EndSARS     Ahmed Idris Mohammed     MATTA Girls Foundation     Basic Education Certificate Examination     General Tunde Idiagbon International Airport     Chikanda     Garba Dogo     Eghe Igbinehin     Abdulahi Abubakar Bata     Gambari     Senior Ibrahim Suleiman     Dunmade     Yahaya Jibril Usman     Ambassador Kayode Laro     Razaq Ayobami Akanbi     Cassava Growers\' Association     Egbejila     Senior Special Assistant On Student Affairs     Special Agro-Industrial Hub     Fatimat Saliu    

Cloud Tag: What's trending

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

Minister     Clement Yomi Adeboye     Ethical College     Kwara State Fire Service     Adamu Atta     Wahab Egbewole     Leke Ogungbe     Lanre Jimoh     Olawuyi     Abubakar Baba Sulaiman     Abdulkarim Adisa     Kwara State Council Of Chiefs     Hauwa Nuru     Wahab Isa     Kwara TV     Dairo Kunle Paul     Michael Ologundea     Yusuf Lanre Badmus     Maryam Nurudeen     Abdulmumini Sanni Jawondo     Mamatu Abdullahi     Arandun     Kwara Hotel     Dan-Kazeem     Dunmade     Mahmud Durosinlohun Atiku     Yahaya Muhammad     Rotimi Atere     Egbejila     Lawyers Unite Against Corruption     Public Holiday     Abatemi-Usman     Odogun Olushola Gabriel     Olupako Of Share     Buhari     Nigerian Medical Association     Sabo-Oke     Bolaji Gambari     Olayinka Jelili Yusuf     NNPP     Ojuekun Sarumi     MAI Akande     Raliat Islamic Foundation     Eruku     AbdulRazaq AbduMajeed Alaro     IYA ALFA NLA     Deji Ajani     Okoolowo     Chief Imam Of Offa     2023 Elections     General Hospital, Ilorin     Muritala Awodun     Adamu Ibrahim Sabi     Toun Okewale-Sonaiya     11th Galadima     Bolaji Aladie     Yahaya A Paniyaro     Kawu Baraje     Yoonus Kola Olatinwo     Mohammed Tunde-Jimoh     Ayedun     Tuesday Assayomo     AbdulGafar Tosho     Bayo Ajia     Aliyu Muhammed     Ayeyemi Sulaiman     Coronavirus     Igbomina     Gafaru Olayiwola Olorisade     Arik     Sheriff Shagaya     Minimum Wage     Emir Of Lafiagi     Umar Gunu     Awodun     Yinka Aluko     Medview Airlines