Anambra State governor, Dr. Willie Obiano has launched COVID-19 Action Recovery and Economic Stimulus programme.
The World Bank Intervention Programme targets Micro, Small and Medium Scale enterprises, for conditional credit grants, conditional operational grants and IT infrastructure support.
As part of activities to ensure a seamless implementation process, a two-day training on the World Bank programme was recently held at the Anambra State Small Business Agency office in Awka.
The training hosted by the implementing agency in the state, the Anambra State Small Business Agency ASBA and facilitated by Nissi Computers, came on the heels of an intensive media campaign and state wide sensitization.
Speaking on the imperative of the training and overall goal of the massive business support programme, the Managing Director and Chief Executive Officer of Anambra State Small Business Agency, Sir. Clement Chukwuka reminded the trainees comprising ASBA team and enumerators that the programme presents yet another opportunity to promote business operations in the state, calling on them to make Anambra State proud.
He further explained that micro enterprises with one to nine member-employees and assets of up to N5 million can access grants of between N20,000 to N100,000, while small enterprises with 10 to 15 employees and assets worth N5 million to N50 million can access grants of between N200,000 and N1 million.
Medium scale enterprises with over 50 employees and assets worth N50 million to N500 million can access grants of between N2 million and N5 million.
Priority implementation sectors made available for grants and loans under the programme include agriculture, forestry, fishery and hunting, trade, manufacturing, accommodation and food services.
Others are transport and storage, information and communication, education, arts, entertainment, recreation and other services to be evaluated based on inclusion criteria as Illegal trades and productions are excluded.
