Governor to build microfinance bank for artisans, SMEs
He stated that he is passionate about ‘Made in Nigeria’ products and this project’s goal is to make business processes easier.
The governor said while answering questions that the request for the microfinance bank project has been sent to CBN and plans are being made to get the license to run.
“We have met with the CBN governor and we believe we should set up a Micro-finance Bank quickly and get our license running to help the Small and Medium Entrepreneurs (SMEs) and artisans,” he said.
Ambode added that the microfinance bank would lend money to SME’s and artisans at a 3% rate. He explained that the Employment Trust Fund established by his administration and the Micro-finance Bank would boost the state’s economy and reduce unemployment.
During this speech, he thanked Babatunde Raji Fashola, his predecessor for building the platform and promised to sustain it by holding it twice.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems