The Kebbi Chapter of National Association of Small Scale Industrialists (NASSI), has said that it had formalised arrangements for members to benefi t from the N420 billion loans being provided nationwide by CBN.
In a statement signed by the Secretary of the association, Smaila Kangiwa, the association said that it would collaborate with the apex bank to explore the economic potential of the state.
It said the Kebbi branch of the CBN recently organised an interactive session with small scale industrialists where the facility was announced to them.
The statement quoted Ahmad Waziri, who represented CBN Branch Controller, Asamau Baba, as saying that N200 billion of the loan had been earmarked as Small and Medium Scale Credit Guarantee Scheme.
According to the statement, this amount is meant to assist small and medium-scale entrepreneurs for them to add value to the economy.
The statement said that the CBN had also set aside N220 billion as development fund for Micro, Small and Medium Enterprises aimed at revamping the micro economy by reactivating micro fi nance institutions nationwide.
It said that plans were underway for the implementation of Nigerian Incentive- Based Risk Sharing System of Agricultural Lending (NIRSAL) and establishment of Entrepreneurship Development Centre (EDC) in the state.
NASSI said that it had so far registered 5,200 interested members, adding that the exercise was a continuous one.
Source: SMEs in Kebbi to access loans from CBN (http://nationalmirroronline.net/new/smes-in-kebbi-to-access-loans-from-cbn/)