Cross River State Micro-finance Bank, Enterprise Academy Underway

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By Our Correspondent

Hon. John Gaul Lebo, Speaker CRSHA
Hon. John Gaul Lebo, Speaker CRSHA

The Speaker of the Cross River State House of Assembly, Hon. John Gaul Lebo has disclosed that plans are on- going for the establishment of a state micro-finance bank and an Enterprise Academy in Cross River.

Hon. Lebo who made the disclosure recently, when a delegation of the Central Bank of Nigeria’s (CBN) Entrepreneurial Development Center (EDC) paid a courtesy call on him, said that the Assembly was willing to partner the EDC in the area of capacity building for the soon to be established Enterprise Academy.

The Speaker said that a legal framework would be put in place for the establishment of the micro-finance bank which he claimed would enable the state to access funds for Enterprise Development.

He observed that the society was gradually moving towards knowledge economy while appreciating the EDC’S efforts at imparting entrepreneurial skills in Cross River youths as well as creating an enabling environment for the youths to be gainfully employed.

Speaking earlier, the EDC delegation which was led by Mr. Emeka Nnamani, said the visit became necessary to intimate the Speaker of the activities of the center and the numerous employment opportunities offered the youths of the state.

He added that the Entrepreneurial Development Center was also complementing the state government by helping to reduce both unemployment and poverty in Cross River state.

Nnamani, who on behalf of the EDC presented to the Speaker some of the products of the center which included packaged soup, yam flour, popcorn amongst others, argued that the establishment’s products were of quality standard and could compete favorably in any market.

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One commentOn Cross River State Micro-finance Bank, Enterprise Academy Underway

  • I think I like this administration approach and drive towards IGR generation. Instead of over burdening the already over taxed residents of the state with additional layers of taxation, it’s seeking and exploring other avenues and approach toward IGR generation.
    I think, if the state succeeds in floating its microfinance bank and establish its enterprise academy outfit, it will have the capacity to support young and budding entrepreneural ventures in the state as well as generate revenue in the process.
    A very good one there Mr speaker.

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