Business News (Finance) –The Ogun State Government of Nigeria in collaboration with the Bank of Industry (BOI) will present cheques to the 2nd batch of beneficiaries of the OGSG-BOI loan scheme on Tuesday, 15th January 2013.
This the government said, â€œIn continuation of efforts to empower more Micro, Small and Medium Enterprises (SMEs)â€.
Commissioner for Commerce and Industry, Otunba Bimbo Ashiru will conduct the presentation exercise at the conference hall of the Trade Fair Complex, Oke-Mosan, Abeokuta, the state capital at 11AM.
The programme, aimed at rejuvenating and empowering indigenous entrepreneurs as well as youths desirous of being self-employed will have a total of 10 cooperative societies comprising 100 entrepreneurs benefiting.
Last year, the State Government through the Ministry of Commerce and Industry had in collaboration with the Bank of Industry floated a N1b revolving loan scheme for the benefit of the SMEs towards ensuring the industrial growth of the State.
The State Government contributed N500m as its counterpart fund to the scheme.-ChannelsTv