{"id":8260,"date":"2013-08-13T06:39:43","date_gmt":"2013-08-13T06:39:43","guid":{"rendered":"http:\/\/disnaija.com\/nigerian-newspapers\/cbn-to-launch-msmes-fund-on-aug-15\/"},"modified":"2013-08-13T06:39:43","modified_gmt":"2013-08-13T06:39:43","slug":"cbn-to-launch-msmes-fund-on-aug-15","status":"publish","type":"post","link":"https:\/\/disnaija.com\/cbn-to-launch-msmes-fund-on-aug-15\/","title":{"rendered":"CBN to launch MSMEs Fund on Aug 15"},"content":{"rendered":"
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The Central Bank of Nigeria, CBN, has unveiled plans to launch its Micro, Small and Medium Enterprises, MSMEs, Fund on August 15, 2013 as a means of strengthening the link between entrepreneurship and access to financial services.<\/p>\n

To this end, CBN Governor, Sanusi Lamido Sanusi, said the bank has also established six Entrepreneurial Development Centres, EDC, across the country to encourage and build the capacities of business minded youths. \u201cThrough the EDCs, we equip them with requisite entrepreneurial skills to develop their concepts into businesses and effectively manage such businesses.<\/p>\n

Our financial inclusion strategy also provided for youth empowerment and access to financial services.<\/p>\n

The bank also announced plans to introduce financial literacy at all levels in Nigerian schools\u2019 curriculum to resolve the unmet needs of the society. Represented by the Director, Development Finance Department in the CBN, Mr. Paul Eluhaiwe, at the Abuja 2013 Students for Advancement of Global Entrepreneurship, SAGE, World Cup Awards and Dinners, the governor, who stressed the need for investment in youths entrepreneurial capacity in the country said; \u201cInvestment in youths entrepreneurial capacity as future leaders of national economies was not only desirable but must be pursued with vigour.\u201d<\/p>\n

Sanusi said CBN would make the SAGE team one of its financial literary champions in its campaign.<\/p>\n

The governor said the apex bank was committed to collaborating and supporting initiatives such as SAGE, which is to develop the next generation of entrepreneurial leaders in order to resolve the unmet needs of the global community.<\/p>\n

He said: \u201cWe understand the critical nature and needs of this important segment of our community and have developed targeted policies to enhance their access to finance while also evolving programmes aimed at strengthening their capacities to develop their enterprising ideas into virile and flourishing business.\u201d<\/p>\n

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Posted in Nigerian Newspapers. <\/a>A DisNaija.Com<\/a> network.<\/p>\n

Source: National Mirror Newspaper<\/p>\n

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