Adamawa: Fintiri Launches N5bn Credit Guarantee Scheme

Governor Ahmadu Fintiri of Adamawa has begun the N5bn credit guarantee scheme for agribusiness owners in the state. A statement by Muhammad Tukur, Senior Special Assistant to the Governor on New Media, said that the beneficiaries of the scheme would include producers, agregators and marketers. Fintiri, while speaking in the Government House Yola, said the scheme is one of the main components of the Adamawa Agribusiness Support (ADAS) Programme. He explained that the scheme would help the beneficiaries to access loans from financial institutions. Fintiri appealed to people to continue to exercise patience over the hike in the price of food items, adding that his administration would continue to provide palliatives to the people to cushion the effect. The Secretary to the State Government, Auwal Tukur, said that through the ADAS the state government has generated over N1 billion from the Agribusiness collections. The highlight of the event was the presentation of loan letters to some of the beneficiaries of the scheme.

First Bank, ELOY Foundation empower over 1000 women MSMEs

First Bank Nigeria Limited in partnership with the ELOY Awards Foundation has launched the 2023 Edition of the “Eloy Business Shower” designed and dedicated to encouraging, promoting and empowering businesses owned by women across Nigeria. The focus and aim of the awards are to expose women in business to important business skills, networking, and the Eloy Foundation Business Toolkit, which is a collection of business survival information.  This   will   further   be   executed   through   the First Bank’s FirstGem 9 percent Loan Scheme created for female owned MSMEs and the SME Connect Initiative.  The   Business   Shower   by   the   ELOY   Awards   Foundation   was   held   in   five states: Lagos, Delta, Anambra, Kano and Osun States from the 1st of July 2023 to the15th of   July   2023.      According   to   the Founder, ELOY   Awards Foundation, Tewa Onasanya “the ELOY Business Shower was held to support business owners to build sustainable businesses. This year at the second edition of the program, the company hosted 1087 women across the 5 states visited in Nigeria.   It   was   an   avenue   for   these   women   to   gain   access   to   entrepreneurial trainings from experienced businessmen and women, who armed them with tools and information to help them grow their businesses successfully”. The over 2300 women who registered for the program will also be invited to join the ELOY Foundation Network, a network that will continue to give them access to resources to help their businesses grow.  Expressing   her   delight   on   the   recently   concluded   ELOY Foundation Business Shower, Folake   Ani-Mumuney, First Bank’s Group Head, Marketing   &   Corporate Communications, said, “we commend Eloy  Foundation Awards for convening the second edition of its Eloy Business Shower which has impacted over 1000 female business entrepreneurs across the country.” “Female business owners that participated at the event in   the 5 cities –Lagos, Delta, Anambra, Kano and Osun States – are encouraged to take advantage of the teachings from the facilitators as these are essential to boosting their contribution to the economic activities in their host state, geopolitical zones and nation at large, whilst sustaining their businesses,” she concluded. Following the huge success of the event, Phase two of the event will begin soon, where  ELOY   Awards   Foundation   will   enrol   50   women   who   are   small   business owners onto the three month ELOY Foundation Sustainable Empowerment Program(SEP), these small business owners will be mentored for a period of three months and they  will  have access to  entrepreneurial trainings  every  month, mentorship, access   to   information   on   affordable   finance   and   10   of   these women considered for a grant to assist them on businesses.