Collaboration between Edo and LAPO on N300m MSME Loan
A strategic partnership has been formed between the Edo State Government and LAPO Microfinance Bank to provide N300m in loans to Micro, Small, and Medium Enterprises scattered across the 18 Local Government Areas within the state.
In representation of the state, Osarodion Ogie, the Secretary to the Edo State Government, underlined the pivotal role of microfinance initiatives in fostering economic growth and stability during the signing of the Memorandum of Understanding (MoU).
Rather than a grant, Ogie emphasized the revolving nature of the loan, stressing the importance for beneficiaries to utilize the funds prudently and ensure timely repayment.
Expressing gratitude for the opportunity presented by the Edo State Government, Gloria Bako, the Executive Director ...