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Micro, Small and Medium Scale Enterprises Sub-sector Forum.
Welcome to Micro, Small and Medium Scale Enterprises Sub-sector Forum. In line with our organizational objectives of making available business information that will help readers develop and prosper in their business, we ’re starting this column in this maiden edition with series of articles on how and where to access capital without hustle.
Our focus is on institutions primarily set up to provide capital for micro, small and medium scale enterprises. We shall commence with identifying these institutions, their objectives and programs, and strategies to benefit from their operations. Some of the institutions in this series include the following:
Nigerian Federal Government Funds and Support for Small and Medium Enterprises, World Bank assisted Programme in Nigeria(FADAMA) aimed at eradicating poverty through the provision of capital for intending small business owners. Small and Medium Enterprise Equity Investment Scheme(SMEES) disbursement for the finance of small and medium scale enterprises (SME) in Nigeria.
The strategies and potentials of Microfinance banks in Nigeria to provide loans and support for small business owners without hustles.
We are working on the assumption that there ’re many start-up entrepreneurs discouraged out there because they do not know of the existence of these facilities. Those that aware of their existence do not have what it takes or strategies towards benefiting from these provisions.
I know very well that many entrepreneurs’re successful in their business today not because they are more determined and resolute than you are. But because they are more opportune to access information and applied principles that enhance their performance. I should ask you to congratulate yourself on this instance of your reading this Blog Article. The core purpose of this Forum(Micro, Small and Medium Scale Enterprises Sub-sector Forum) is to make available information on principles and practices that will develop and improve business and the economy.
So come along with us in this series as we begin to reveal strategies and methods you can easily apply to raise capital for your business without collateral.
In July 1986, the Federal (Military) Government headed by General Ibrahim Babangida introduced the Structural Adjustment Programme (SAP) as a way of reviving the Nigerian economy which was then ravaged by the over-bearing effect of the huge external debt, inefficiencies in the operations of public parastatals e.t.c. Hence as part of the conditions for getting loans from The International Monetary Funds (IMF), THE Federal Government has to adopt the World Bank/IMF inspired SAP.
One of the views of SAP was the privatization and commercialization of public parastatals (to enhance their operational efficiencies hitherto unknown to them) and the creation of the enabling environment for private investors to come in. Thus, the government recognized the crucial role of private (Small and Medium scale) Entrepreneurs in nation building as seen from the experiences of India, Japan, The USA and The so-called “Tiger Economies” or “The Gang of Four” countries (Taiwan, Singapore, South Korea and Hong Kong). All the experiences of the aforementioned countries point to the crucial role of the small and medium scale industrialists e.g shop owners, artisans, craft men (mechanics, shoe makers, carpenters, bricklayers, panel beaters, electricians e.t.c), Auto
parts dealers, musicians, artistes, films/movies producers/directors in the development and advancement of Nigeria as a country
As part of the development and enhancement of the small scale entrepreneurs, the Federal government established the Peoples’ Bank (otherwise known as Community Banks) which had the famous Satirist and Social Critic Dr Tai Solarin as its Managing Director/CEO. The functions of these banks includes granting “soft” loans to the classes of entrepreneurs mentioned in the penultimate paragraph. These people in one way or the other could not get loans from well established commercial banks whose loans normally go with strict conditions and “strings”. The community banks were also established to help mobilize savings in the rural and “the informal financial sectors” in the economy. These incomes mobilized can therefore be used for investment in the financial (Money and Capital) markets. This will in the long run create large volume of capital accumulation for our manufacturing, primary and tertiary/services industries. The end result will be all-round development of our dear country-Nigeria. Many Petty business men took advantage of these banks and became big commercial emperors.
Welcome to Micro, Small and Medium Scale Enterprises Sub-sector Forum. In line with our organizational objectives of making available business information that will help readers develop and prosper in their business, we ’re starting this column in this maiden edition with series of articles on how and where to access capital without hustle.
Our focus is on institutions primarily set up to provide capital for micro, small and medium scale enterprises. We shall commence with identifying these institutions, their objectives and programs, and strategies to benefit from their operations. Some of the institutions in this series include the following:
Nigerian Federal Government Funds and Support for Small and Medium Enterprises, World Bank assisted Programme in Nigeria(FADAMA) aimed at eradicating poverty through the provision of capital for intending small business owners. Small and Medium Enterprise Equity Investment Scheme(SMEES) disbursement for the finance of small and medium scale enterprises (SME) in Nigeria.
The strategies and potentials of Microfinance banks in Nigeria to provide loans and support for small business owners without hustles.
We are working on the assumption that there ’re many start-up entrepreneurs discouraged out there because they do not know of the existence of these facilities. Those that aware of their existence do not have what it takes or strategies towards benefiting from these provisions.
I know very well that many entrepreneurs’re successful in their business today not because they are more determined and resolute than you are. But because they are more opportune to access information and applied principles that enhance their performance. I should ask you to congratulate yourself on this instance of your reading this Blog Article. The core purpose of this Forum(Micro, Small and Medium Scale Enterprises Sub-sector Forum) is to make available information on principles and practices that will develop and improve business and the economy.
So come along with us in this series as we begin to reveal strategies and methods you can easily apply to raise capital for your business without collateral.
In July 1986, the Federal (Military) Government headed by General Ibrahim Babangida introduced the Structural Adjustment Programme (SAP) as a way of reviving the Nigerian economy which was then ravaged by the over-bearing effect of the huge external debt, inefficiencies in the operations of public parastatals e.t.c. Hence as part of the conditions for getting loans from The International Monetary Funds (IMF), THE Federal Government has to adopt the World Bank/IMF inspired SAP.
One of the views of SAP was the privatization and commercialization of public parastatals (to enhance their operational efficiencies hitherto unknown to them) and the creation of the enabling environment for private investors to come in. Thus, the government recognized the crucial role of private (Small and Medium scale) Entrepreneurs in nation building as seen from the experiences of India, Japan, The USA and The so-called “Tiger Economies” or “The Gang of Four” countries (Taiwan, Singapore, South Korea and Hong Kong). All the experiences of the aforementioned countries point to the crucial role of the small and medium scale industrialists e.g shop owners, artisans, craft men (mechanics, shoe makers, carpenters, bricklayers, panel beaters, electricians e.t.c), Auto
parts dealers, musicians, artistes, films/movies producers/directors in the development and advancement of Nigeria as a country
As part of the development and enhancement of the small scale entrepreneurs, the Federal government established the Peoples’ Bank (otherwise known as Community Banks) which had the famous Satirist and Social Critic Dr Tai Solarin as its Managing Director/CEO. The functions of these banks includes granting “soft” loans to the classes of entrepreneurs mentioned in the penultimate paragraph. These people in one way or the other could not get loans from well established commercial banks whose loans normally go with strict conditions and “strings”. The community banks were also established to help mobilize savings in the rural and “the informal financial sectors” in the economy. These incomes mobilized can therefore be used for investment in the financial (Money and Capital) markets. This will in the long run create large volume of capital accumulation for our manufacturing, primary and tertiary/services industries. The end result will be all-round development of our dear country-Nigeria. Many Petty business men took advantage of these banks and became big commercial emperors.
CONTACT US:
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# 12, Osawaru Street,
Off Upper Siloko Road,
Off Mechanic Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
Off Upper Siloko Road,
Off Mechanic Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
# 9, Plymouth Road,
Benin City,
Edo State,
Nigeria
Benin City,
Edo State,
Nigeria
PHONE
09090682255
08068221874
09090682255
08068221874
Email:
info@gudesigns.net
frontdesk@gudesigns.net
info@gudesigns.net
frontdesk@gudesigns.net
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The syndrome of unemployment has eaten deep into the fabric of our nation. Government, Parent, Individual everyone is worried about this endemic. But to us at GUdesigns.net, unemployment is a phenomenon that is derived from inactivity or mindset not to engage in activities that lend to reward for labor or effort directed to productivity. Read more
Welcome to Micro, Small and Medium Scale Enterprises Sub-sector Forum. In line with our organizational objectives of making available business information that will help readers develop and prosper in their business, we ’re starting this column in this maiden edition of our blog post with series of articles on how and where to access capital without hustle.Read More
Double click to edit
# 12, Osawaru Street,
Off Upper Siloko Road,
Off Mechanic Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
Off Upper Siloko Road,
Off Mechanic Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
# 9, Plymouth Road,
Benin City,
Edo State,
Nigeria
Benin City,
Edo State,
Nigeria
PHONE
09090682255
08068221874
09090682255
08068221874
Email:
info@gudesigns.net
frontdesk@gudesigns.net
info@gudesigns.net
frontdesk@gudesigns.net
LOCATION(Google)MAP
Double click to edit
# 12, Osawaru Street,
Off Mechanic Road,
Off Upper Siloko Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
Off Mechanic Road,
Off Upper Siloko Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
# 9, Plymouth Road,
Benin City,
Edo State,
Nigeria
Benin City,
Edo State,
Nigeria
PHONE
09090682255
08068221874
09090682255
08068221874
Email:
info@gudesigns.net
frontdesk@gudesigns.net
info@gudesigns.net
frontdesk@gudesigns.net
LOCATION(Google)MAP