MSME Day: Experts Urge N/Delta Govts To Embrace Infotech

by makerscbdq

I ndustry experts have urged state governments in the Niger Delta region to embrace the global growing trend of digital economy, and set aside funding to support the growth and sustainability of Micro Small and Medium Enterprises (MSMEs). The call was part of resolutions reached at the end of the 4th Niger Delta MSME Summit/Bootcamp in Port Harcourt, Rivers.

Dr Martins Fregene, Director of Agriculture, African Development Bank (AfDB), said in a communique of the summit urged young MSME owners to pursue skills on how to access funding and financial management. Fregene said that many lending banks hesitate in giving loans to MSME owners based on a number of issues, including lack of clear tax record.

“Some of these banks are willing to lend money to MSMEs but they are afraid that they may not pay back,” he said. Amb. Joe Keshi, Director-General of the BRACED Commission, comprising South-South States, decried the lack of government presence and support for platforms such as the Niger Delta MSME Summit, established to build a culture of entrepreneurship among young people.

Keshi, who was at the event as a Special Guest at the 2024 World MSME Day, said sooner or later, people would depend on businesses as the government would not be employing people anymore.

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