Cross River State Launches Campaign to Assist MSMEs Access N75 Billion Intervention Fund
The Bank of Industry (BOI) and the Cross River State Microfinance and Enterprise Development Agency (MEDA) have jointly launched a campaign to assist Micro, Small and Medium Enterprises (MSMEs) in accessing the federal government’s N75 billion intervention fund
The campaign, which commenced in Calabar South and Calabar Municipality, will be extended to all 18 Local Government Areas in the state to ensure widespread participation and enable MSMEs to benefit from this crucial support.
Speaking at the event, BOI Branch Manager Mr. Pius Eneji expressed gratitude to Governor Bassey Otu for initiating this campaign and acknowledged his strong commitment to MSME development. He outlined the eligibility criteria for accessing the intervention fund.
Key stakeholders, including Lawrence Ekpezu, Center Manager of the Cross River State Enterprise Development Center (CRS EDC), were present to provide guidance to beneficiaries. Alice Fabian, State Head of the Corporate Affairs Commission (CAC), oversaw the government’s free registration program for prospective beneficiaries. Additionally, a representative from WEMA Bank facilitated the registration of business accounts for participating MSMEs.
The Campaign Coordinator and Director General of MEDA, Mr. Great Ogban, emphasized the government’s commitment to improving the economy of every local government area in the state.
He highlighted this campaign as a crucial step in collaboration with key stakeholders of economic development.
