The Etsako East Local Government Council, the Edo State Skills Development Agency (Edojobs), the NIRSAL Microfinance Bank, the Bank of Industry (BOI), and the Lift Above Poverty Organization (LAPO) Microfinance Bank, in partnership with the Edo State Investment Promotion Office (ESIPO) and the Ease of Doing Business Secretariat, organized an information session on credit availability for MSMEs in Agenebode, Etsako East LGA.
The purpose of the event, which took place at the Local Government Council Hall on Thursday, November 20, 2024, was to empower local businesses in the area by giving them the funding and support they need to succeed.
Abdul-Kadir Abdullah, Team Lead for Investment Promotion and Global Outreach at ESIPO, highlighted the Edo State Government’s commitment to creating a favorable business climate in the State during his introductory remarks. One important endeavor to simplify procedures and lower administrative barriers for companies was the One-Stop Investment Centre (ES-OSIC).
According to him, “For us in ESIPO, the Ease of Doing Business Secretariat, Edo North, is a major industrial hub in Edo State and we are ready to facilitate more investments into the region, working with the LGAs”
High Chief Benedicta Attoh, the chairman of the Local Government Council, shared her goals for the region’s economic growth. Using the region’s advantageous position and abundant natural resources, she described plans to build a modern fish market in Agenebode and a trailer park in Okpella.
The several credit products and financing choices accessible to MSMEs were explained by representatives of BOI, NIRSAL Microfinance Bank, and LAPO Microfinance Bank, organizations dedicated to offering financial help and guidance to local firms.
By bringing together key stakeholders and providing access to vital resources, the initiative is expected to significantly impact the economic landscape of Agenebode and the entire Etsako East Local Government Area
of Edo State.
