By Ossom Raphael
Abuja – The Federal Government Thursday inaugurated a One-Stop-Shop to address some of the impediments to the growth of Micro, Small and Medium Enterprises in the country.
The centre would provide MSMEs with support
services to grow their businesses.
The support include access to finance, enterprise
development and regulatory support in areas such as business registration, export promotion
as well as tax-related matters.
Commissioning the facility, which is located at the headquarters of the Abuja Enterprise Agency, the Vice President Prof. Yemi Osibanjo, said the establishment of the center underscored the effort President Muhammadu Buhari administration’s desire to create a robust and self sufficient economy.
Osibanjo, aslo began the disbursement of start-up capital for 39,000 petty traders in the FCT as part of the social intervention programmes under the
President Muhammadu Buhari led administration to empower over two million petty traders across the country.
The commercial loan scheme tagged “Trader Moni”, beign implemented by the Bank of Industry (BoI) would allow beneficiary to get an interest free loan
of between N10,000 to N15,000.
The Executive Director, MSMEs, BoI, Mrs. Toyin
Adeniji, said the bank is partnering with the Federal government to empower small traders.
Adeniji said that the project which is wholly driven by the government is expected to give N10,000 grant each to the traders to boost their businesses.
“We are targeting at least 39,000 beneficiaries
from every state to benefit from this N10,000, but we hope to increase the amount to N15,000 soon as
they pay back within six months.
“It is not a BoI project, but that of the Federal government, we are only here to supervise, after this phase, we will go ahead to ask beneficiaries to open account with the banks, get their Permanent Voter Cards before we start further disbursement” Mrs Adeniji explained.
On his part, the Managing Director, the Abuja Entreprise Agency, Mr. Muhammad Tukur said the agency has fully aligned its operations into the vision of the government in providing MSMEs with the needed support to grow.