SmartPreneur
Advertisement
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home Trending News

NEPC Trains Kwara Exporters On How To Write Bankable Business Plans To Access Funds

Blessing Osazuwa by Blessing Osazuwa
March 3, 2022
in Trending News
0
NEPC Trains Kwara Exporters On How To Write Bankable Business Plans To Access Funds
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

At a one-day training programme for 80 MSMEs operators organised by the Nigerian Export Promotion Council (NEPC) in Ilorin, the executive director/CEO of the council, Dr Ezra Yakusak, said that an increasing supply gap in credit to MSMEs by financial institutions has posed a serious threat to growth and development of the subsector.

Join our communityJoin our communityJoin our community

The NEPC boss, who was represented by the Trade Promotion Advisor, Ilorin Export Assistance Office, Mr Akinwunmi James, said that many of the MSMEs operators in the country faced the challenge of writing bankable business plans to attract grants and loans, added that the council is desirous of promoting development and financial inclusiveness of MSMEs exporters for inclusive growth.

He said that the training was specially packaged to train MSMEs on how to get financial support from government-owned financial institutions and commercial banks for their start-up, running expenses, purchase of equipment etc and also arrive at the proper objectives for their business strategic decisions through the writing of credible/bankable business plan and proposal.

“This training is therefore intended to train MSMEs and potential exporters on best practices in preparing business plans/proposals.
“To ensure business continuity by deepening MSMEs knowledge through the provision of innovative lending solutions to exporters by financial institutions.

“To provide solutions designed to boost financial literacy and improve the creditworthiness of MSMEs and intending exporters.”

Dr Yakusak, who said that MSMEs had provided the mechanism for driving indigenous industries, creating employment opportunities and helping the development of technology in many countries, added that they are a source of dynamism, innovation and flexibility.

In his speech, the Trade Promotion Advisor, Ilorin Export Assistance Office, Mr Akinwunmi James, read by Mr Ayinde Mosadi, said that the workshop was part of efforts of the NEPC in the diversification of the Nigerian economy through non-export trades in Nigeria.

“Also, the programme is to sensitise the public about “Export for Survival” in achieving the goals of the National Export Sustainability Plan (NESP) through export development. The programme is aimed at equipping MSMEs and potential exporters with adequate knowledge on how to write credible/bankable proposal and business plan. It is no more news
that non-oil export is increasingly becoming important to the economic development of Nigeria as a result of high volatilities in oil price. This is more noticeable in the drop in foreign reserve, weakening of foreign exchange earnings, and the high unemployment rate among others,” he said.

In his paper, one of the facilitators, Collins Nwaosu, said that bankable business plans should be understandable and reliable, adding that the plan should be able to convince on repayment and explain the impact of particular business in view.

Tags: Dr Ezra YakusakKwara stateNigerian Export Promotion Council
Previous Post

TEF: 4 Weeks Left For Applications To The 2022 Entrepreneurship Program

Next Post

Google And StartWeb To Empower Africans With Digital Skills Training To Help Grow Their Businesses And Boost Employability

Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

Related Posts

Win Free Product Shoot In the #CaptureMyBusiness Challenge
Trending News

Win Free Product Shoot In the #CaptureMyBusiness Challenge

by Blessing Osazuwa
March 24, 2023
0

Smartpreneur, in partnership with Emblue Space and Studios, is offering an opportunity for female business owners to take their businesses...

Read more
Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31
Trending News

Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

by Ruth Okwumbu-Imafidon
March 24, 2023
0

In today's fast-paced and rapidly changing economy in the country and the globe, it has become more important for today’s...

Read more
Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.
Trending News

Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

by Ruth Okwumbu-Imafidon
March 22, 2023
0

Nigerians using MailChimp will have to pay 7.5% more from April 20, 2023, as the company is set to implement...

Read more
The New CBN Cash Withdrawal Policy; What will happen to MSMEs now?
Trending News

CBN Increases Lending Rate to 18%

by Ruth Okwumbu-Imafidon
March 22, 2023
0

In an aggressive push to contain the nation’s inflationary pressure, the Central Bank of Nigeria on Tuesday raised its benchmark...

Read more
NCC Directs Mobile Network Operators To Implement Harmoniesed Short Codes
Trending News

NCC Directs Mobile Network Operators To Implement Harmoniesed Short Codes

by Ruth Okwumbu-Imafidon
March 20, 2023
0

The Nigerian Communications Commission (NCC) has directed all mobile network operators (MNOs) to commence the implementation of the approved harmonized...

Read more
Naira Redesign Policy: Nigeria’s GDP Projected To Drop In Q1 2023 By About N10 Trillion
Trending News

Naira Redesign Policy: Nigeria’s GDP Projected To Drop In Q1 2023 By About N10 Trillion

by Ruth Okwumbu-Imafidon
March 20, 2023
0

Oyeyemi Kale, former statistician-general of the federation, says Nigeria’s gross domestic product (GDP) would contract in the first quarter (Q1)...

Read more
50,000 African Women to Benefit from $100m AfriLabs Business Grant
Trending News

50,000 African Women to Benefit from $100m AfriLabs Business Grant

by Ruth Okwumbu-Imafidon
March 17, 2023
0

ne of the largest communities of innovation enablers, AfriLabs, has announced that it would be supporting 50,000 African women through...

Read more
Load More
Next Post
Google And StartWeb To Empower Africans With Digital Skills Training To Help Grow Their Businesses And Boost Employability

Google And StartWeb To Empower Africans With Digital Skills Training To Help Grow Their Businesses And Boost Employability

Please login to join discussion

Recent News

Win Free Product Shoot In the #CaptureMyBusiness Challenge

Win Free Product Shoot In the #CaptureMyBusiness Challenge

March 24, 2023
Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

March 24, 2023
Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

March 22, 2023
The Power of High-Quality Product Photos for Boosting Your Ecommerce Site's Success

High-Quality Photos: The power of visuals in Boosting Your Ecommerce Business

March 22, 2023
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Brand Insights
  • Profiles
  • Game & Quizzes
  • Weekend Teaser

© 2020 SmartPreneur