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Abia to partner NSE to promote SMEs



NSE visits Ikpeazu

Governor of Abia State, Dr Okezie Ikpeazu, has expressed willingness of his administration to partner with the Nigerian Stock Exchange (NSE) to promote Small and Medium Enterprises (SMEs) in the state.

Ikpeazu who said this on Monday while hosting the President, Council of Nigerian Stock Exchange, Otunba Abimbola Ogunbanjo, at the Government House, Umuahia, enumerated the efforts of his government towards the promotion and development of SMEs.

The governor said his administration has made SME a pillar of development in the state and ensured that artisans were assisted and sponsored overseas for training on automated shoe making as parts of efforts to make them globally competitive.

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He assured that the same gesture will soon be extended to those in the garment and fashion industry.

Ikpeazu highlighted challenges facing SMEs in the State to include power supply, automation, market share and finance, but assured that the issues were being tackled headlong and commended leather and garment manufacturers for showing resilience in their work.

The governor used the occasion to commend the Lead Investor of Golden Guinea Breweries Plc, Mr Okey Nzenwa, for the successful reactivation of the brewery along with its leading brand, Golden Guinea beer and assured that his administration will soon implement an action plan that will ensure Modern Ceramics Umuahia is also reactivated.

He thanked the Nigerian Stock Exchange team for their plans and efforts towards the development of Small and Medium Enterprises and expressed his delight to be associated with the Golden Guinea and Nigerian Stock Exchange.

He assured of his collaboration in providing the needed atmosphere for the initiatives that promote SMEs and urged them to ensure their mission yields good fruits in Abia State.

Speaking earlier, Mr. Ogunbanjo, stated that the essence of the visit was to intimate the governor of available opportunities in the Nigerian Stock Exchange which, according to him, will add value to Small and Medium Enterprises in the state.

He described Abia as the home of SMEs, while noting that the nation’s economy which has been negatively impacted by the coronavirus pandemic can be made to grow faster by nurturing Small and Medium Enterprises.

He also noted the existence of established guidelines for SMEs participation in government contracts and procurements, while commending the Governor for his efforts towards the growth of SMEs in the State

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