The Katsina State Government has reaffirmed its commitment to enterprise development and inclusive economic growth with the disbursement of ₦303.5 million to 126 small businesses across the state. The initiative, implemented through the Katsina State Enterprise Development Agency (KASEDA) in partnership with the Bank of Industry (BOI), marks the third phase of targeted support for local entrepreneurs.
The intervention is part of ongoing efforts to strengthen micro, small, and medium enterprises, enhance productivity, and generate employment in key sectors. Authorities say the programme is strategically aligned with broader economic reforms focused on building a self-sustaining business environment and deepening financial inclusion.
According to KASEDA, this latest allocation underscores the state’s long-term vision of using enterprise as a catalyst for development. The agency highlighted that the support is not only financial, but part of a wider framework aimed at helping businesses scale, access markets, and improve operational capacity.
Officials explained that the partnership with BOI is yielding tangible results in driving innovation, supporting small-scale industries, and widening access to credit for business owners who often struggle with collateral requirements. Beneficiaries of the fund are expected to invest in business expansion, job creation, and value chain development.
Under its current leadership, KASEDA has played a central role in advancing economic transformation projects by offering funding, mentorship, and technical advisory services. The agency has stressed the importance of empowering local businesses as a means of tackling unemployment, reducing poverty, and narrowing the economic divide between rural and urban communities.
Over the past two years, Katsina has rolled out multiple enterprise development initiatives, including specialised training programmes for youth and women, market linkage schemes, and capacity-building workshops supported by development partners. These initiatives are designed to equip entrepreneurs with the practical tools needed to compete at national and regional levels.
The ₦303.5 million disbursement is seen as a continuation of these reforms, reflecting a deliberate commitment to strengthening the MSME ecosystem and promoting sustainable private-sector growth. Economic observers note that such interventions play a critical role in stabilising local economies, especially in regions where small businesses drive commerce and employment.
By deepening access to finance and support services, Katsina aims to create a more resilient entrepreneurial base capable of powering long-term economic recovery and diversification.
