Edo State to Promote Tech-business for MSMEs

The Edo state government through its newly launched programme, Edo Cares is set to promote Small and Medium enterprises in the state.

According to the report by the media, the Managing Director, Edo State Skills Development Agency, EdoJobs, Ukinebo Dare said “an emergency state-level intervention programme, is designed to support micro and small enterprises in Edo State affected by the economic crisis caused by the Covid-19 pandemic.”

Speaking at the launching of the grants, Dare stated that the programme which was domesticated in Edo State from the Federal Government and World Bank partnership on COVID-19 Action Recovery Economic Stimulus (NG-CARES),

The programme will provide succour for Micro and Small Enterprises (MSEs) impacted by the pandemic in the country.

She said that under the Edo-Cares programme, business owners are now able to access grants for their business development and support.

“To grow their businesses and contribute to the state’s economic development,” she added.

The Edo state government has, however, advised the beneficiary of the programme to take full advantage of the initiative as a means to better their lives in terms of human capacity development, Investors King understands.

She added that the business support grants will be provided in form of credit grants, operational grants, and IT development grants, to enlarge and promote their businesses to enhance the economic viability of the state.

“Business owners can gain access to technology tools such as e-commerce website, POS, computers, mobile applications, under the IT Enhancement grant category, and business supplies, rent, salaries, utilities, solar panels, under the Operational grant category.

Also, the Credit grant category where business owners can gain access to funds to pay off existing loans,” she submitted.