The manufacturing Association of Nigerian has applauded the Executive governor of Anambra state Professor Charles Chukwuma Soludo for signing the Memorandum of Understanding with the Small and medium enterprises development Agency of Nigeria (SMEDAN) which would grant them access to funds for increased production.
News Echo reports that SMEDAN can now be able to offer loans to manufacturers up to 1billion naira at a single interest rate and SMES can also access 1million naira in a single digit loan. Meanwhile, Nano and small businesses can get as 50,000 naira grant.
The stakeholders’ engagement forum and the unveiling of the MANSA Export Trade Platform by AFREXIM Bank which took place at the Manufacturers Association of Nigeria (MAN) liaison office, in Anambra had its theme tagged “Access to Finance & Cheaper Funding for SMEs in Nigeria and Organised by Manufacturers Association of Nigeria (MAN).
Speaking to newsmen, The Director General MANSA, Mr Charles Odili said “We as agency has started some subventions, we are here in Anambra state, special thanks to His Exellency, Prof Charles Soludo for signing a Memorandum of Understanding where Nano and small businesses who can access loans from 250,000 to 2.5billion naira at a single interest rate for working capital, work place procurement, and we are confident this will have an innovative and entrepreneurial stimulation of the economy in Anambra state and Nigeria as a whole”.
Adding, Mr Odii noted that Enugu state have also benefit from the 1billion naira loan while other states like Ebonyi, Abia and Imo states will soon follow suit.
Filing questions from newsmen, he affirmed that the agency are collecting data and in the first week of Q2 which is April the banks will start disbursement, for those who have been contacted and qualified to receive the monies.
Presenting her speech, the former Director of Compliance, Head of ATG MANSA Digital Initiative of Afreximbank, Mrs. Maureen Mba said that the objectives of MANSA platform is to facilitates smooth boarding of customers and business relationship, to reduce operational workload and cost of compliance, to enable African financial institutions to cooperate and SMEs to meet customers and business partners’ expectations while ensuring regulatory compliance, to ensure consistency and effectiveness of compliance process amongst other.
According to her, Afreximbank will leverage on partnerships with Central Bank, regulatory bodies and financial intelligence units to ensure success of the repository as well as regular audit and review of the MANSA platform for quality assurance purposes.
She further noted that MANSA platform provides a single source of primary data required for performing customers due diligence checks on counterparts in Africa.
Speaking at the event, the Anambra State Commissioner for Industry, Hon. Christian Udechukwu stated that the cardinal purpose of the event was to make manufacturers and traders access funds to enable them to improve in production of goods and services which he said Government wants to accommodate them and provide funds for them.
The Commissioner who represented the Anambra State Governor, Professor Charles Chukwuma Soludo urged both the manufacturers and traders to live by example and follow the footsteps of Professor Soludo since the Governor is committed to building access roads to enhance their establishments.
Udechukwu used the avenue to highlight some of Governor Soludo’s achievements in the State which included: empowerment scheme to youths, Teachers employment, building Health sectors, providing bore holes amongst others.
He eulogized various critical stakeholders especially Mrs. Maureen Mba who spoke at the event as well as the Chairman of Manufacturers Association of Nigeria South East, Lady Ada Chukwudozie for her brilliance coordination.
Fielding questions from newsmen, the Chairman of Manufacturers Association of Nigeria South East, Lady Ada Chukwudozie urges Government to subsidize cost of material for the manufacturers and proffer solutions to their problems.
She extolled the Anambra State Governor, Professor Charles Soludo who she said has the interest of Manufacturers at heart, saying that the Governor dolled out one million seedlings to different household instead of giving them cash.
“So, instead of the Governor giving cash, he gave out one million seedlings to each household. Automatically, they are empowered for life. Therefore, manufacturers should as well receive incentives so that they would produce more goods and if they produce more, they create wealth, jobs and the economy would be abundant and induce Naira to appreciate against Dollars” Said Ada Chukwudozie.
Delivering his vote of thanks, the former President of Onitsha Chamber of Commerce, Industry, Mines and Agriculture, Pharm. Uche Apakama rained encomium to all and sundry who participated in the event, he specifically lauded the leader of MAN, Lady Ada Chukwudozie.
Mr Chinemerem Oguegbe, Chairman, Nigeria Association of Small and Medium Enterprises NASME Anambra Chapter however, called on critical stakeholders for a mentoring and capacity building plan that will enable Nano and Micro Enterprises grow into Manufacturers in the future
“While it’s true that finances is a great impediment to the growth and development of small businesses it is also important that through collaboration that these Nano and Micro Businesses tap into the production value chain of Manufacturers. This will avail small businesses the opportunity to work closely with Manufacturers while providing services that will enhance their business activites
Adding that the Anambra Chapter is working on categorizing its members across different sectors to enable fast and easy collaboration with Manufacturers in Anambra.
Mr Oguegbe equally sent special thank you to Lady Ada Chukwudozie the Chairman MANSA for providing the wonderful platforms for businesses to strive and Lady Maureen Mba for all their support at Afrexim Bank towards opening up trade relations across Africa for Business Owners through the MANSA platform
Those present at the event were President Manufacturer’s association of Nigeria, Otunba Francis Meshioye, Ofr
Vice Chairman, Manufacturer’s Association of Nigeria, Anambra, Enugu, & Ebonyi state branch, Ichie Sunday Ezeobiora, fidelity, firstbank, Afreximbank, heads in the southeast, Chicason Group Founder/Group Executive Chairman Dr Alex Chika Okafor, founder and Group Managing Director of Dozzy Group Sir Daniel Chukwudozie, top Executives of Cooperate ventures, market leaders in Lagos, Onitsha and Nnewi, as well as international among others.
