Sokoto government has signed a Memorandum of Understanding with the Bank of
industry for the establishment of a N2 billion industrial development fund
in the state.
Speaking during the signing of the MoU in Sokoto Thursday, Governor Aminu
Waziri Tambuwal said the two parties will provide a billion Naira each,
while the fund will focus on micro, small and medium scale enterprises.
A statement issued by the Governor’s spokesman, Malam Imam Imam, quoted
Tambuwal as saying that the focus on SMEs was important because they are
critical component in implementing the industrialization policy of his
administration.
“Sokoto state government is determined to give the people all the required
support to improve their businesses. I urge our entrepreneurs, businessmen
and women to take advantage of this opportunity to enhance their capacity
and improve on their businesses for effective service delivery,” the
Governor added.
He said in order to ensure maximum benefit, government will only recommend
those who have the capability to judiciously utilise the funds.
Tambuwal reiterated the government’s commitment to implement the terms of
the agreement and assured that the efforts will yield positive results.
In his remarks, BoI’s Acting Managing Director, Mr Waheed Olagunjo said the
matching fund was intended to positively impact on the industrial
development of Sokoto state.
He added that the synergy created between the two parties would provide a
veritable platform for Sokoto State to experience accelerated economic
growth and transformation.
While thanking the Governor for giving BoI an office accommodation in
Sokoto, Olagunju said the bank will continue to support the business
community in the state so as to improve their economic well-being.
CAPTION:
BoI: L-R: Ag Managing Director of Bank of Industry, Mr. Wahid Olagunju and
Sokoto State Governor, Aminu Waziri Tambuwal, signing an agreement to
provide N2billion to SMEs in Sokoto. Middle of Deputy Governor Ahmed Aliyu.
BoI2: L-R: Ag Managing Director of Bank of Industry, Mr. Wahid Olagunju
with Sokoto State Governor, Aminu Waziri Tambuwal, after the signing of
agreement to provide N2billion to SMEs in Sokoto. Middle of Deputy Governor
Ahmed Aliyu….Thursday 05/05/2016