....As Delta resumes micro-credit with N324.18m to beneficiaries
By Omon-Julius Onabu in Asaba
In line with its policy of expansion of access base to credit and wealth creation through small-scale businesses in the country, the Central Bank of Nigeria (CBN) has available to be accessed by various states’ microcredit schemes a sum of N220 billion.
A representative of the apex bank in Delta State, Mr Buka Ali, disclosed this during the disbursement of loans to the first batch of beneficiaries of the Delta State Micro, Small and Medium Enterprises Development Agency (DMSMA) on Thursday in Asaba.
The agency disbursed a total of N324,180,000 to the beneficiaries, the first batch by the new agency under the Delta State Governor, Dr Ifeanyi Okowa, made up of clusters attached to several micro-finance banks engaged by the agency.
A total of 227 clusters or groups of beneficiaries are expected to benefit from the revolving soft loans disbursed on Thursday.
Ali noted that the fact that the current governor of the CBN, Mr Godwin Emiefele, hails from Delta State should serve as an encouragement for the people of Delta State to demonstrate commitment and take advantage of the CBN microcredit funds as well as other benefits associated with accessing the funds and making judicious use of it.
He said that Delta State was also lucky to have an expert who understands small-scale business financing and the different CBN programmes as secretary of the DMSMA, in the person of Mrs Shimitan Bello, saying the only word he was asked by the apex bank authorities to deliver to the beneficiaries and which other speakers harped on at the occasion was simple: "Take this money or loan; pay back!"
He however expressed the readiness of the CBN to assist the state to access these funds in the course of carrying out its financial and supportive activities, urging prospective business people in the state to brace up to the challenge.
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Culled from: thisdaylive.com
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