From Ahmad Mohammed, Bauchi
Small Medium Scale Enterprises in Bauchi State are to access 1 billion naira from the Bank of Industry.
The State Commissioner for Commerce and Industries, Alhaji Mohammed Sadiq announced this at the official opening ceremony of the Bauchi State 1st National Trade and Exhibition Fair with the theme “ The New National Economic Recovery and Growth Plan and Eventual Diversification of Nigeria’s Economy the Role of Small and Medium Enterprises at Ibrahim Babadamasi Babangida Square Bauchi.
Alhaji Mohammed Sadiq said the development followed the recent official visit to the Managing Director of the Industry in Abuja by Governor Bala Mohammed.
He said in addition, the state government will assist local traders to access loans and credit from commercial banks as part of efforts to revive industries and boost the state’s economy.
The Commissioner said the Bauchi State Ministry of Commerce and Industry on its part, will continue to consolidate on formulating and implementing government’s policies and programs to attract investment and boosting industrialization.
He said his will assist towards respositioning commercialization for the emergence of an integrated, vibrant, competitive, skilled, professional private sector driven industry through strategic alliance, investment promotion and a strong regulatory framework that will generates employment and create wealth.