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“N220bn MSME Fund will boost economy, employment” – Adegbenro

By BusinessNews Staff on January 26, 2015

The successful launch of the N220 billion Micro, Small and Medium Scale Enterprises (MSME) fund has been described as a key milestone achievement and an initiative that will boost the contribution of the Central Bank of Nigeria (CBN) to the nation’s economy and employment creation.

The sstatement was made by a Lagos-based entrepreneur and auto-dealer, Adejare Adegbenro, who hailed President Goodluck Jonathan for the appointment of Delta-born financial expert, Mr. Godwin Emefiele, as the Governor of the CBN, describing the appointment as a “right decision by a visionary leader.”

Adegbenro, who is the Managing Director/Chief Executive Officer (MD/CEO), of Balmoral International Limited, in a chat with newsmen in Lagos expressed delight that the CBN Governor has not disappointed the president, who considered Emefiele’s track record at Zenith Bank.

The businessman, who is the first grandson of late elder statesman, Pa Alfred Rewane, hailed Emefiele’s achievements in the banking sector, which would boost massive employments to the army of unemployed youth in the country.
“Even Mr. President supported the CBN boss when he disclosed that a survey conducted by the Federal Office of Statistics in 2010 indicated that there are 17.2 million MSM enterprises in the country, which account for the employment of 32 million Nigerians,” he added.

[ThisDay]

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