Sterling Bank and Cross River State MEDA Advance Talks on Landmark MSME Funding Initiative
Representatives from Sterling Bank recently conducted a strategic visit to the Cross River State Microfinance and Enterprise Development Agency (MEDA), furthering discussions on the collaborative One Billion Naira matching fund initiative. This fund, facilitated by the Cross River State government and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aims to provide small business owners across the state with access to zero-digit interest loans, fostering significant economic growth.
Great Ogban, Director General of MEDA, underscored the state’s unwavering commitment to empowering small businesses through comprehensive support and a conducive operating environment. “MSME development is the cornerstone of a vibrant and prosperous society,” stated Ogban. “We are dedicated to providing the necessary resources and infrastructure for their success.”
Anthony Ikpor, Business Executive, Institutional Banking, South-South, Sterling Bank, expressed his satisfaction with MEDA’s proactive approach to entrepreneur development. He particularly commended the ongoing Training of Trainers (ToT) workshop, organized in partnership with the Entrepreneurship Development Centre (EDC), which ensures that resource persons are equipped with the latest global best practices in business development. “This commitment to training and mentorship is crucial for the sustainable growth of small businesses,” Ikpor remarked.
This partnership reflects a shared vision to drive economic empowerment and create lasting opportunities for entrepreneurs in Cross River State.
