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Friday, November 04, 2016

Gov Obiano Secures N3bn CBN Grant For Agric, SMEs In Anambra State



Governor Willie Obiano of Anambra State on Friday said the state had secured a N3bn grant from the Central bank of Nigeria to invest in SMEs and agriculture.

Obiano made the disclosure at the flag-off of training for the first batch of 150 youths at the Federal Youths Training Centre, Mgbakwu near Awka.He said the grant would be shared to medium and small scale entrepreneurs and farmers in the state.

According to the governor, the amount was approved due to the effective use of a similar grant of N1.5bn to agriculture in 2015.

He said that the new grant would be used to finance small businesses and entrepreneurship development in the state.

Obiano said this was in view of the fact that increase spending by federal and state governments in strategic sectors was the most viable option to pull the economy out of the current recession.

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