Jigawa to Embrace SMEs for Wealth Creation – Badaru
Jigawa State governor, Mohammed Badaru Abubakar, has said his administration has concluded plans to boost the Small and Medium Enterprises (SMEs) in the state for increased production and wealth creation.
Speaking during a courtesy call on him by the management of Jaiz Bank Plc on Tuesday, Badaru said the plan was to fast-track the diversification of the economy of the state.
He noted that the successful hosting of the MSME Clinic in the state under the supervision of Nigeria’s vice president last week was apt considering the present economic challenges plaguing the sector and “at a time when the state government was making frantic efforts to increase economic activities by creating enabling environment for the SME to thrive.”
Badaru’s media aide on print media, Ahmad Muhammad Danyaro, quoted the governor in a press release to have said the SME is the “the main engine for economic growth,” an that his government was ready “to explore the immense economic opportunities in the sector for the prosperity of the State in line with diversification agenda of President Muhammadu Buhari.”
Danyaro said Badaru urged Jaiz Bank to provide affordable financing to Jigawa People to support his administration’s strategic vision and mission to empower the SME sector for productivity and wealth creation.
“The vision and mission, according to him, include: creating enabling environment for SME to thrive, attracting domestic and foreign investors, as well as supporting large, small and medium scale enterprises. Others are to promote economic growth, support creation and retention of jobs, enhance innovation productivity and competitiveness, including raising living standards and way to reduce poverty in the state.
“Earlier, the Managing Director of Jaiz Bank ,Alhaji Hassan Usman said they were there to notify the State government of opening of a new branch in Dutse to provide first class non-interest banking service to people of the State and order to onboard thousands of prospects as well as expand operations of the bank.
“Mr Usman said opening the branches in major cities across the country is aimed at bringing non-interest financial services closer to the people who are desirous of the model of banking in areas where the bank is not physically present yet, it says there are robust e-banking platforms that are securely accessible,” the media aide wrote.
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