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SMEDAN and the Enugu State Government have joined forces to introduce a ₦1 billion Matching Fund Programme, to provide affordable loans to MSMEs in the state.
The signing ceremony, held at SMEDAN headquarters, signifies a significant step towards entrepreneurial development and economic growth in the region.
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Sterling Bank PLC will manage and disburse the funds to qualified enterprises, ensuring efficient delivery to beneficiaries.
This initiative, aligned with Enugu State’s Agenda, focuses on empowering NMSMEs, recognizing their pivotal role in driving economic growth.
Expected to transform the NMSME sector, the program will boost competitiveness, job creation, innovation, and inclusivity in the state’s economy.
Governor Peter Mbah underscores the importance of NMSMEs in sustainable economic development, affirming the administration’s commitment to creating an enabling business environment.
The collaboration between SMEDAN, ENSG, and Sterling Bank PLC exemplifies a promising public-private partnership model for economic development, aiming to empower entrepreneurs and small businesses.
As the program unfolds, it promises to catalyze growth and prosperity for MSMEs in Enugu State, aligning with its vision of becoming a hub for enterprise and innovation in Nigeria.
To participate, ensure registration with the State MSME Database at www.enugusme.en.gov.ng/msmedata. Stay tuned for more details on eligibility criteria from the Enugu SME Center.
