The Benin Chamber of Commerce, Industry, Mines and Agriculture (BENCCIMA) has urged young entrepreneurs in Edo to key into the N2 billion Micro, Small and Medium Enterprises (MSME) fund to support their businesses.
Mrs. Aina Omo-Ojeonu, President of BENCCIMA, gave the advice in Benin on Tuesday.
The recently launched N2 billion MSME development fund was unveiled by the Edo government in collaboration with the Bank of Industry (BOI) in August.
The Edo government provided N1 billion while the BOI provided the other N1 billion, making the N2 billion to support about 50,000 businesses located within the state.
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Omo-Ojeonu, said the chamber was collaborating with the youth wing of the National Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), Edo chapter, to sensitize youths to ways to access the fund.
“The NACCIMA Youth Entrepreneur Coordinator for the state was at the unveiling of the fund and we have asked him to mobilize young entrepreneurs to apply for the loan.
“We are planning a meeting with young entrepreneurs, both members and nonmembers of the NACCIMA youth entrepreneur group, to tell them about the benefits of such funds,” she said.
The president then commended the Edo government and the BOI for the gesture noting that it would lead to more youth empowerment and job creation in the state.
