Governor Umar Namadi of Jigawa State has signed a six billion naira Memorandum of Understanding with the Bank of Industry, aimed at providing financial assistance and support to micro, small, and medium enterprises in the state.
Governor Namadi says the strategic partnership will promote the growth and development of MSMEs, thereby boosting the economic status of local communities, reducing poverty levels, and enhancing employment generation.
In a strategic bid to bolster economic development and foster entrepreneurship in Jigawa State, Governor Umar Namadi has entered into a strategic partnership with the Bank of Industry.
The agreement, valued at ₦6 billion, will provide critical financial support and resources to micro, small, and medium enterprises operating in the state.
This significant investment is poised to drive economic growth, stimulate innovation, and enhance the overall business environment in Jigawa State.
The State Government will pay a matching grant of ₦2 billion, which will be matched by the Bank with an extra ₦2 billion for the same purpose. The government has also agreed to giving an additional ₦2 billion as a management fund.
This collaborative endeavor aims to boost economic growth, raise living conditions, and generate opportunities for the people of Jigawa.
Signing this MoU demonstrates both sides’ commitment to collaborating to create long-term economic success and prosperity in the region.
This effort aims to empower entrepreneurs and small company owners by providing access to capital and support, hence driving economic progress and prosperity in Jigawa State.
