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Anambra to access N2.5billion from CBN for SMEs



ANAMBRA State Government is to access N2.5 billion from  Central Bank of Nigeria (CBN), to support micro small and medium enterprises in the state.

The fund, which would be disbursed through Anambra Small Business Agency (ASBA), would boost the state’s Gross Domestic Products (GPD).

Gov. Willie Obiano made this known while inaugurating new Board of Directors for ASBA at Governor’s Lodge, Amawbia.

He directed that 60 per cent of the fund should be channeled to women, while others would be disbursed to farmers, as well as Micro Small and Medium Enterprises (MSMEs).

While commending immediate past board for living up to expectation, Gov. Obiano noted that funds so far disbursed to farmers and business owners had multiplier effects on the economy of the state.

He enjoined newly inaugurated members to perform in line with the vision and dreams of the state, to ensure economic sustainability.

Managing Director and Chief Executive Officer, ASBA, Mr Clement Chukwuka, explained that the agency modified the process of accessing and disbursing funds among farmers and MSMEs.

Mr Chukwuka noted that the state government had earlier accessed not less than N2 billion from the CBN, which had since been disbursed.

He said that not less than 80 per cent of the funds had been recovered from the people.

Chairman of the Board, Mr Ifeatu Onejeme, stressed that the governor’s passion for the agency kept it afloat from the beginning of his administration.

Other members include Mr Obi, LG Commissioner, Mr Mark Okoye, Commissioner for Economic Planning, Budget and Development, Mrs Sally Mbanefo, Commissioner for Diaspora, Culture, Tourism and Indigenous Artwork,

The rest are Mr Cyril Okichie and Mr Dan Offia, Mr Chilo Ofia Arinze and the MD, Mr Chukwuka


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