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KEDA seeks collaboration with CBN for Kogi SME growth



The managing director/ CEO Kogi Enterprise Development Agency (KEDA), Hajiya Rekiya Onaivo Sanni has solicited the support and collaboration of the Central Bank of Nigeria to drive forward its vision for the SME sector in the state.

Hajiya Rakiya made the appeal on Thursday during a working visit to the Kogi Office of the CBN in Lokoja.

According to Hajiya Sanni, the courtesy visit became neccesary as parts of KEDA’s efforts to form multiple approaches to solving all the problems bedevilling the SME sector of the State as well as get technical partners and assistance that will stimulate the mindset of the people, generate ideas and in turn, transform the economy of the State.

She maintained the collaboration portend enormous advantages for the SME sector of the state owing to the capacity to strengthen and enhance their scope.

She reiterated that technical advise and support from the CBN would go a long way in bringing about a purposeful outcome.

In his remarks, the head of Development Finance Office, Central Bank of Nigeria, Mr Hassan alongside his team expressed satisfaction with the collaboration being solicited by KEDA.

Mr Hassan noted that with the establishment of KEDA which is an independent SME drive outfit the rich potentials that abounds in Kogi State, there is going to be a turn around if the government can fully harness and utilize it’s resources immediately.

He said CBN is interested in financing programs that can grow the economy, adding that,if the SME sector must thrive, there is need for close collaboration with KEDA.

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He however expressed worries over the winding up of Micro Financial Institutions in the State compared to other States of the Federation, submitting that, the development is not a good omen for a state seeking economic development.

He said more cooperatives needs to to be built up, and capacity more trainings should be initiated especially in the Fashion industry and the Agricultural sector of the State as they form key areas that can give a multiplier effects and create job opportunities.

Source: KogiGraphic


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