SMEs Loan: CBN Lauds Enugu Govt. for Prudent Mgt.

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Hello Reader,

For a job well done, The Central Bank of Nigeria (CBN) lauded Governor Ifeanyi Ugwuanyi’s administration for managing wisely the N2bn loan for Micro, Small and Medium Enterprises Development Fund (MESMEDF) to Enugu State.

The commendation was made by the Deputy Director, Development Finance Department, CBN, Mr. Osita Nwanisiobi, when he made a courtesy call to the Government House, Enugu, with some members of the CBN’s department, remarking that the achievement was an evidence of the dynamic leadership exhibited by the Enugu State governor:

“I am really happy to note that this state is doing well in the utilization and repayment of the facility. We have been to other states and Enugu has gained a lot of commendation in terms of accepting those loans, utilization of the facility and the repayment.

I have to say that this laudable achievement is based on quality leadership because when the leader is doing well, other indices of development follow suit,” he said.

While advising the governor not to relent, he clarified that the MSMEDF loan aims at engaging people at the bases in economic development through the Small and Medium Enterprises stage.

The governor also remarked that his administration has since commencement been consistent in its goal to equip the youths through self-employment, adding that the CBN’s facility has aided the government’s efforts to enhance economic activities in the state, particularly with reference to youth empowerment:

“I am sure you know by now that the state runs a very efficient SME Centre which I am sure, will be able to furnish you with all the details regarding the disbursement and repayment of the loan by individual beneficiaries in the state,” the governor declared through his deputy, Mrs. Cecilia Ezeilo, who represented him at the event, (

What more can we say, than kudos to the Enugu state government and congratulations to all the hard working SMEs; for wise utilization and repayment of the CBN’s loan facility, as accountability and evaluation are keys to every successful business. The time to think and act is now; these are life and business essentials, so let’s keep thinking clearly. Thank you for reading and do have a beautiful day!

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SMEs Loan: CBN Lauds Enugu Govt. for Prudent Mgt.

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