Kaduna micro credit board to empower 14,000 businesses

The Kaduna Industrialisation and Micro-Credit Management Board (KSIMMB) says empower 14,000 Micro, Small and Medium Enterprises (MSMEs) affected COVID-19 with .

The Executive Secretary to the board, Dr Mustafa Shittu made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Kaduna.

“There is going to be a project that caters for businesses affected COVID-19 and that project is going to be out soon.

“We are going to support MSMEs with grants to improve their businesses, especially that found difficult to pay salaries due to COVID-19 and that need to acquire facilities to enhance their businesses,” he said.

He said that the project was for years and would start in 2021, adding that the board would have list centres where MSMEs in the would be supported.

He however noted that the board was undergoing restructuring and was awaiting the executive council to approve various programmes the board was to execute.

He said that the board had a mandate to mediate for MSMEs to and help them market, adding that the board would also offer skills and capacity building trainings to businesses as well as advisory .

“In terms of to , we are in partnership with Central of Nigeria, of Industry and other funding partners.

“We serve as intermediary businesses and the to ensure that businesses qualify for loans grants as the case maybe,” he said.

According to him, the board is one of the top three in the state in terms of impacting meaningful to society as the role of MSMEs in development cannot be overemphasized. (NAN)