ABIA ONLINE NEWS
The formal launch of Aba Finished Leather Goods Cluster Financing Programme, being implemented by the Bank of Industry in partnership with Ford Foundation and Fidelity Bank has held in Aba with some artisans going home N300,000 each as loans.
Speaking at Enitona Hotel, Aba, venue of the event, Governor Okezie Ikpeazu assured that his administration would not relent in delivering quality infrastructure that would boost business activities in Abia State.
He said that, he made MSME a pillar of development of his administration because he knows that the strength of Abia was dependent on the productivity of its people, adding that the administration decided to run on those areas the State has comparative advantage.
Dr. Ikpeazu enjoined the beneficiaries of the loans to make judicious use of them, expressing hope that they would not disappoint the confidence reposed on them.
In his speech, the Managing Director of Bank of Industry Mr. Oukayode Pitan said the Bank of Industry decided to provide the non-collateral loans of N300,000 each to some of the artisans to boost job creation among them.
According to him, the bank would sustain the growth and development of the Aba leather finished goods cluster through initiatives that promote the Made in Aba products.
In a vote of thanks, the Chairman of Leather Products Manufacturers Association of Abia State(LEPMAAS), Mr. Okechukwu Williams thanked the Governor, Bank of Industry and other partners for the opportunity given to the association and said that it would spur them to compete favourably with their counterparts across the world, describing the initiative as a welcome development. He assured they would be faithful with the loans received.
The epoch event was graced by the Wife of Abia State Governor, Mrs Nkechi Ikpeazu, Wife of Edo State Governor, Mrs Obaseki, Permanent Secretary, Federal Ministry of Industry,Trade and Investment, Managing Director, Bank of Industry Mr Olukayode Pitan, Mr Innocent Chukwuma, Regional Director, Ford Foundation, Mr Okechukwu Williams, President LEPMAAS, and other dignitaries and key stakeholders.