Cross River State Authorities Wednesday signed a Matching Fund Collaboration of 1 billion naira (₦1Billion) with the Small and Medium Enterprises Growth Company of Nigeria (SMEDAN) for the Growth of MSMEs in Cross River State.
The state governor, Senator Bassey Otu made the dedication in Abuja when he hosted a delegation from the Small and Medium Enterprises Growth Company of Nigeria (SMEDAN) led by Mr Charles Odii, the Director Basic/ Chief Government Officer.
The Governor maintained that his administration is dedicated to offering assist for the expansion and growth of the brand new and current MSMEs within the state by offering Enterprise Coaching, capability constructing, and enterprise growth assist on the Cross River State Entrepreneurship Growth Heart(CRSEDC) and entry to inexpensive finance, monitoring and analysis.
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He disclosed that the Cross River State Microfinance and Enterprise Growth Company(MEDA) would be the particular function automobile (SPV) to behave as an implementing company on behalf of the Cross River State Authorities.
The Director Basic/ Chief Government Officer of the Small and Medium Enterprises Growth Company of Nigeria (SMEDAN) Mr Charles Odii in his remarks stated the collaboration with the federal company goals at harnessing a pool of sources and strengthening entrepreneurial growth companies by linking entrepreneurial coaching with finance for the general growth of Nano, Micro, Small and Medium Enterprises in Cross River State.
The Signing of the Memorandum of Understanding by the Governor had Mr Nice Ogban Usetu, the Director Basic, of Cross River State Microfinance and Enterprise Growth Company co-signed on behalf of the state, whereas the DG/ CEO, and the authorized officer of the Small and Medium Enterprises Growth Company of Nigeria (SMEDAN), Mr Charles Odii and Mr Yusuf Salman respectively signed for SMEDEN.
