By Stephen Adeleye.
No fewer than 22,000 beneficiaries in Kogi will get N50,000 each, under the Presidential Conditional Grant Scheme (PCGS) to boost Micro, Small and Medium Enterprises (MSMEs) in the state
The Managing Director and Chief Executive Officer (MD/CEO) of Kogi Enterprise Development Agency (KEDA), Hon. Muhammed Kadiri Okeji, disclosed this on Thursday during enrollment exercise at the palace of Ohinoyi of Ebiraland, Okene.
Okeji said the PCGS was being implemented by the Federal Ministry of Industry, Trade and Investment through the Bank of Industry (BOI) in partnership with the Kogi Government in line with the Renewed Hope Agenda of President Bola Tinubu.
He noted that the PCGS enrollment for beneficiaries of Nano businesses was flagged by Kogi Government simultaneously on Wednesday across the three senatorial districts in Okene, Ankpa and Kabba respectively.
He disclosed that over 22,000 beneficiaries across the 21 local government areas of Kogi would receive N50,000 each as grant to boost their nano businesses and improve sustainability.
According to him, about 1070 beneficiaries would get the grant from each of the 21 local government areas across the state.
“The PCGS is aimed at ameliorating the harrowing effects of the fuel subsidy removal, to provide a one-off grant of N50,000 to over 22,000 Nano business owners across Kogi State.
“We are grateful to Mr President for the impactful initiative at a time of stiff economic challenges for both businesses and the generality of Nigerian citizens.
“Mr President’s gesture is a sensitive step towards safeguarding the small business ecosystem which is the livewire of the nation’s economy,” he said.Okeji expressed gratitude to Gov. Ahmed Ododo for keying into the initiative and providing the adequate resources required to draw down the benefits to thousands of Kogi Nano businesses.
This, he said the governor was fulfilling his determination to strengthening the MSMEs which remained the backbone of the nation’s economy.
He added: “We thank our governor for swinging into action to provide the needed resources to complement the effort of the federal government in flagging off the scheme across Kogi.
Okeji expressed gratitude to Gov. Ahmed Ododo for keying into the initiative and providing the adequate resources required to draw down the benefits to thousands of Kogi Nano businesses.
This, he said the governor was fulfilling his determination to strengthening the MSMEs which remained the backbone of the nation’s economy.
He added: “We thank our governor for swinging into action to provide the needed resources to complement the effort of the federal government in flagging off the scheme across Kogi.
The News Agency of Nigeria (NAN) reports that Okeji subsequently went round the the state to monitor the enrollment exercise in Kabba and Lokoja.
Okeji further said that the enrollment exercise which was being conducted by officials of BoI, was expected to continue till Friday, while disbursement follows immediately.
One of the beneficiaries, Oyiza Bajeh from Adavi, thanked the President for the gesture, and appreciated the Governor for deeming it fit to bring the program to the grassroots.
“When I received a text message from BOI to come for data capture, I dismissed it as one of those scams. But upon a second thought, I decided to give a tryer.
Surprisingly, I met a huge crowd of market women, youth and even people with disabilities gathered here at the Ohinoyi palace for the exercise.
“We are very grateful to President Tinubu and Governor Ododo for the gesture,” Bajeh said
