Business News (Finance) –Emmanuel Uduaghan Governor of Delta state Nigeria has said that the state Micro Credit Scheme had recorded nearly 100,000 beneficiaries.
The governor made this known while speaking with the News Agency of Nigeria in Asaba, Nigeria.
Uduaghan said that of N1 billion had been allocated to the micro credit scheme in the 2013 budget proposal.
The governor that the state government had concluded plans to establish 10 industries which would promote the growth of small and medium scale enterprises next year
He said that industries would include four fish feeds' mills and six cassava-processing plants.
He stressed that the industries would be managed by private investors, as part of efforts to make them viable and efficient.
Describing the scheme as spectacular, Uduaghan said: We believe we could harness our people's entrepreneurship skills through our micro credit scheme, while nurturing small and medium scale enterprises.
"Other states are studying the Delta State model because of its acknowledged success," he added. NAN
