At the event, which took place in Nnewi, beneficiaries were admonished to make judicious use of the grant in starting new businesses or growing existing ones.
The event, which was organized by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with the member representing Nnewi North, South and Ekwusigo Federal Constituency, Mr. Chris Azubogu.
The Director General of SMEDAN, Dr. Dikko Umaru Radda, said the programme, which was being implemented in four States of Lagos, Bauchi, Sokoto and Anambra, was targeted at Micro Enterprises, which accounted for more than ninety six per cent of the total population of employed Nigerians.
Represented by the Director, Planning, Research, Monitoring and Evaluation, Mr. Olawale Fasanya, explained that owners of Micro Enterprises must be supported in all possible ways to grow their businesses and contribute better to the nation’s economy.
In their goodwill messages, the member representing the South East in the SMEDAN Board, Comrade Egwu Chima, and the member representing Nnewi North, South and Ekwusigo Federal Constituency, Mr. Chris Azubogu, who was represented on the occasion, lauded the initiative of the Federal Government and appealed to beneficiaries to make the best of the opportunity.
Also, the representative of Governor Willie Obiano, and Permanent Secretary, Ministry of Commerce, Trade, Industry and Wealth Creation, Mr. Daniel Okoli, while inaugurating the scheme, pledged to continue to support SMEDAN to serve the people of the better.
Two of the beneficiaries, Mrs. Regina Akpunonu and Pastor Chukwudalu Chukwudiegwu expressed gratitude to the Federal Government and promised to justify their inclusion in the list of those to enjoy the grant.