Anambra State has announced a new low-interest loan program to support Micro, Small, and Medium Enterprises (MSMEs) with funding starting from N10 million, aimed at driving job creation and economic growth. This initiative, launched at the Anambra Small Business Summit held in Awka, aligns with Governor Chukwuma Soludo’s vision of a prosperous Anambra.
The State Commissioner for Industry, Trade and Investment, Christian Udechukwu, shared details of the program at the summit themed “Enhancing the Growth of Small Business for Job and Wealth Creation.” He emphasized the state’s commitment to supporting MSMEs, stating, “We have funds available for micro, small, medium, and large enterprises. For micro businesses, loans from zero to N10 million are accessible through Anambra State and the Bank of Industry. Larger loans require CAC registration and asset ownership.”
The initiative encourages small business owners to register with the Small and Medium Enterprises Development Agency (SMEDAN) and the Nigerian Association of Small and Medium Enterprises (NASME) to access these loans, which aim to promote non-oil sector growth through agriculture and small-scale industries.
State SMEDAN Coordinator, Mrs. Chito Onuzuluike, urged local entrepreneurs to leverage available agency resources, noting that missed opportunities limit business expansion. Similarly, Kingsley Ahamefula, Head of the Corporate Affairs Commission (CAC) in Anambra, stressed the importance of business registration for broader recognition and growth potential.
Chinemerem Oguegbe, NASME State Chairman, celebrated the summit as a unique collaboration with the private sector, designed to address the business challenges in Anambra. This summit marks a proactive approach toward enhancing the business climate for local entrepreneurs in the state.
