The Governor of Ekiti state and Chairman of the Nigeria Governor’s Forum (NGF), Dr. Kayode Fayemi, has expressed the need to support small and medium businesses as well as women to facilitate recovery from this trying times.
The Governor made this call in a video conference interview with Channels Television on Saturday when discussing Nigeria’s fight against COVID-19 and necessary measures to take to contain the economic impact.
“There is an immediate opportunity to support our businesses, particularly SMEs, support our women to rebuild family structures, while modifying the conditions for existing loan guarantees and creating new opportunities that can encourage financial institutions to support small businesses recovering from the economic slowdown,” he said. Fayemi also suggested that the Nigerian government, both at the Federal and State levels, reduce the cost of governance by streamlining ministries, departments and agencies of government to reduce wastage and also eliminate or minimise non-core expenses.
