The Abia State government and Bank of Industry have signed a Memorandum of Understanding worth 10 billion naira to support industrialization in the state, with funds to be distributed to entrepreneurs.
The Abia State government has signed a 10 billion naira Memorandum of Understanding (MOU) with the Bank of Industry ( BOI ) for the industrialization of the state. The agreement entails the provision of 5 billion naira by the state government, matched with another 5 billion naira by the BOI . These funds will be allocated to entrepreneurs to support their businesses, covering various sectors of the state's economy.
Shekarau Umar, the Executive Director of MSMEs at the Bank of Industry, highlighted the importance of industrialization for state development, and Mike Akpara, the Abia State Commissioner for Industry and SMEs, emphasized the MOU's benefits for local entrepreneurs and the state
Abia State BOI Memorandum Of Understanding Industrialization Business Development Funding
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abia govt, labour sign agreement on new minimum wage“We had some grey areas; we also resolved them amicably. That is in the spirit of collective bargaining.”
Read more »
NLC, TUC jettison strike, sign minimum wage agreement with Abia govtAbia State Government (ABSG) and the organized labour in the State have signed the agreement on the implementation of the new national minimum wage of N70,000 and the consequential adjustments. This is coming two days after the organized labour issued a November 2, 2024 strike notice to the Abia State government.
Read more »
– Governor Alex Otti Reveals Perpetrators of Gunmen Attacks in Abia StateA Trusted Nigerian Newspaper
Read more »
Nigeria: Illegal Refinery Uncovered in Abia StateThe Abia State Command of Nigeria Security and Civil Defence Corps (NSCDC) has discovered an illegal refinery in a bush in Isiala Ihie community, arresting two suspects and seizing petroleum products.
Read more »
BREAKING: Abia State Government Declares Free EducationA Trusted Nigerian Newspaper
Read more »
Kwankwaso Under Fire Over Visit to Abia State Governor, Alex OttiA Trusted Nigerian Newspaper
Read more »