Anambra Govt, SMEDAN Sign N1b Agreement To Fund SMEs

Anambra State Government and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) signed a one billion naira (N1b) agreement to fund Small and Medium sized Enterprises.

In a release from the Commissioner for information Sir Paul Nwosu revealed that under the agreement terms, Anambra State Government will provide five hundred million naira (N500,000,000) and SMEDAN will match it with another five hundred million naira (N500,000,000).

The N1bn funding agreement was signed by Charles Odhii, Director General of Small and Medium Enterprises Development Agency and Christian C. Udechukwu,  Commissioner for Industry, Anambra State with Mark Okoye,  Chief Executive Officer of Anambra State Investment Promotion and Protection Agency (ANSIPPA) as witness for both partners.

 ANSG and SMEDAN funding partnership will be integrated into Governor Chukwuma Charles Soludo’s agenda for targeted sustainable economic support for small and medium enterprises industrial growth in Anambra State.