5,350 C’River entrepreneurs benefit from MSME interventions

A total of 5,350 micro, small, and medium enterprises (MSMEs) and local entrepreneurs across Cross River State have benefited from cash grants, skills acquisition, and capacity-building programmes under ongoing interventions by the state and federal governments. The Director-General of the Cross River State Micro Enterprise Development Agency, Great Ogban, revealed these figures during a Manufacturing and MSME Town Hall Meeting in Calabar.

The interventions, structured to reach businesses across the state's three senatorial districts, have seen SMEDAN train 2,500 participants and another 2,000 persons benefit from a separate programme, with 500 receiving grants of ₦500,000 each. Beneficiaries are actively using the support to expand their businesses, and the state has also provided low-interest financial facilities and grants to reduce the cost of doing business.

Governor Bassey Otu's initiative of providing 1,000 free Corporate Affairs Commission business registration opportunities has been commended for reducing administrative burdens for formalising businesses in the state.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.