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Katsina State Signs Investment Deal to Boost Small-Scale Enterprises

Katsina City News
06 Jun, 2024
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Zaharaddeen Ishaq Abubakar, Katsina Times

Katsina State Government Signs Investment Agreement with Bank of Industry to Support Small-Scale Enterprises

The Governor of Katsina State, Malam Dikko Umaru Radda PhD, has inaugurated officials overseeing small-scale industries and signed an investment agreement worth five billion Naira with the Bank of Industry, under the Katsina State Economic Development Agency (KASEDA).

The Chairperson of KASEDA, Haj. Aisha Aminu Malumfashi, stated that the Katsina State Government is committed to reviving small-scale industries in the state. She said, "In this effort, the government has recruited 136 volunteers from the 34 local government areas of the state, two from each local government, to help educate and sensitize small-scale industry operators across Katsina."

Haj. Aisha added that the five billion Naira allocated by the state government is not a grant but a loan to help youths become self-reliant.

In his speech, Governor Radda emphasized that his administration is dedicated to eradicating idleness among the youth, which he identified as a crucial step in combating terrorism. He announced plans to modernize the Katsina Youth Craft Village as part of efforts to eliminate idleness and boost the state's economy.

The Governor urged the beneficiaries of the loan to use the funds wisely, noting that it is a loan, not a gift, and must be repaid. He said, "Since it is a loan, the youths will be more diligent in managing the resources given to them."

The event was attended by the National Chairman of the Small and Medium Enterprises Development Agency, Charles Ordii; the Chief of Staff of Katsina State Government House, Jabiru Abdullahi Tsauri; the Managing Director of NEXIM Bank, Mal. Abba Bello; representatives from the Bank of Industry; representatives of the Emir of Katsina and Daura; executive council members; and other dignitaries.