By Nefishetu Yakubu
Edo Government on Tuesday signed a Memorandum of Understanding (MoU) with LAPO Microfinance Bank for the disbursement of N300 million to Micro, Small and Medium Enterprises (MSME) across the State.
The News Agency of Nigeria (NAN) reports that the Secretary to the State Government (SSG), Osarodion Ogie, signed the MoU on behalf of the state government while Gloria Bako, Executive Director, Corporate Services signed for LAPO Mfb.
The loan, according to the SSG, will be implemented by Edo State Skills Development Agency (Edojobs).
Ogie, in a remark, said that micro finance schemes, all over the world, were the engine room of any economy.
Commending the board of Edo MSME Funds, the management of Edojobs and LAPO Microfinance Bank, Ogie appealed to all beneficiaries to make use of the loan.
He added that it was not a grant but a revolving loan that must be paid back.
Earlier, Peter Obaseki, Chairman of the Advisory Board MSME Fund, commended the government for its…
Source: News Agency of Nigeria
