• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Ekiti Launches ₦1 Billion Cooperative Fund to Boost Local Economy, Small Businesses

Olusola Blessing by Olusola Blessing
July 4, 2025
in Business, News
0
Ekiti Launches ₦1 Billion Cooperative Fund to Boost Local Economy, Small Businesses
Share

The Ekiti State Government has unveiled a ₦1 billion Cooperative Fund to provide affordable financing for cooperative societies and small-scale entrepreneurs, deepening efforts to stimulate the local economy and empower grassroots businesses.

 

The initiative was announced by the Commissioner for Finance and Economic Development, who said the fund will complement existing partnerships with financial institutions such as Bosak Microfinance Bank and Access Bank. These institutions have been instrumental in supporting small business owners and women-led enterprises across the state.

 

He also highlighted a \$1 million collaboration with the U.S. African Development Foundation, which has already benefited 10 agricultural cooperatives. A notable success story from the partnership is the Ode-Ekiti Cooperative, which has started producing locally milled rice, contributing to local food production and economic activity.

 

The commissioner emphasized the government’s commitment to creating an enabling environment for value creators, noting that business growth fuels job creation, productivity, and government revenue.

 

Since the start of Governor Oyebanji’s administration, over ₦193 billion has been invested in critical infrastructure, including roads, schools, healthcare, and agriculture—key sectors aimed at improving business efficiency and quality of life.

Speaking at the PEBEC Stakeholders’ Forum, the commissioner commended the Ekiti Development and Investment Promotion Agency (EKDIPA) for simplifying business registration and processes. He urged residents to remain hopeful and supportive, stating that the administration is making steady strides toward economic transformation under Governor Oyebanji’s leadership.

Post Views: 29
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment
    African Women Impact Fund launches with USD$60…
  • 15+ Bank Initiatives, Programs and Products for Nigerian Entrepreneurs
    15+ Bank Initiatives, Programs and Products for…
  • Nigerian Government Agencies that Support Entrepreneurship
    Nigerian Government Agencies that Support…
Tags: MSMEsPEBEC
Previous Post

FG Sets Petrol Pricing Forum for July 23–24 as Marketers Demand Transparency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Ekiti Launches ₦1 Billion Cooperative Fund to Boost Local Economy, Small Businesses
  • FG Sets Petrol Pricing Forum for July 23–24 as Marketers Demand Transparency
  • Oyo, MAN Partner to Promote Fair Haulage Fees, Boost Small-Scale Manufacturing
  • EBID Approves $100M for Lagos-Calabar Coastal Highway as Regional Investments Top $5 Billion
  • AMCON Sells Ibadan Electricity Company for N100 Billion

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.