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Tuesday, December 6, 2022

We ’ll assist SMEs with loans – OSMA

By Francis Akinnodi

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Ondo State Mirco Credit Agency (OSMA), has called on relevant government agencies to assist in the growth of Small and Medium Enterprises (SMEs) in the state and Nigeria in general.

General Manager of the agency, Samuel Ogunlade who gave the advice while speaking with The Hope yesterday, said government through the agency would continue to assist the SMEs by giving out soft loans in line with its mandate.

He said the agency is positioned to provide capital for small businesses in the state to thrive.

“If you look at the state of businesses now, COVID-19 has affected a lot of them. But what we are doing is to provide small capital for businesses to come back; the pandemic really affected Nigeria economically.

“A lot of programmes are in the pipeline to cushion the effect of COVID-19 on businesses where loans would be provided.

Also, at the agency’s level, we try to encourage the business owners to ensure they do well at this time.”

He charged business owners to pay back their loans so that others can benefit as government is committed towards enhancing business friendly environment in the state.

As such, he said, there was need for a well-planned intervention to raise the technological skills of the SMEs in a way that those involved in agro production and development could produce high produce for export through the use of affordable and new technologies.

“It’s timely as the Nigerian economy had been overstretched through dependence on oil, hence the need for diversification,” he said.

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