The European Union EU in collaboration with the German International Cooperation Agency GIZ have unveiled 200 million naira non interest financing scheme to boost Micro, Small and Medium Enterprises MSMEs in Kano State.
GIZ’s Access to Finance and Investment Adviser, Yakubu Musa-Paiko, stated this at the inauguration of the financing scheme for MSMEs in the garment and leather value chains, on Thursday in Kano.
Musa-Paiko said that the scheme would be implemented under the Nigeria Competitiveness Project NICOP.
He said that NICOP was being implemented in Abia, Kano, Kaduna, Lagos, Ogun, Oyo and Plateau States.
According to him, about 2,000 MSMEs are targeted to draw from the fund, adding that the project had so far disbursed N20 million to 280 MSMEs in Kano State.
He said that businesses in tomato, chilli, garment and leather value chains were selected to participate in the project in Kano State.
