PHOTOS: See Moment Gov. Alex Otti Meets With Delegation Of CBN, Umuahia Branch

The Executive Governor of Enugu state has currently met with the delegations of the Central Bank of Nigeria (CBN), Umuahia branch in Abia State.

This meeting took place on Friday 4th August, 2023.

The delegation of the Central Bank of Nigeria Umuahia branch was led by Mr. Olaoba Ayotunde, Branch Controller and Adiele Kelechi, Development Finance, along with other team members. Also present was the Abia State chapter Chairman of National Association of Small and Medium Enterprises (NASME), Mr. Eze Linus Okezie.

They highlighted the need for improved collaboration between the Abia State Government and the Central Bank of Nigeria to ensure effective utilization of development finance resources.

While the discussions bordered on the problems they had encountered in the past, noting that the synergy and requisite structures were not in place to access some of the CBN facilities. They applauded the government for creating an intervention department with a focal person to relate with. Some of the interventions from the CBN that had not been accessed included the SME village, Autonomous Poultry Programme, among others.

In a statement, Governor Otti assures, ‘We are going to be weighing in on some of the problems they highlighted, mainly recoveries, collateralisation, and ensuring that the programmes impact positively on the grassroots. We have structured a plan to assist in recovery, looking at the peer pressure advantage in the cooperative model. Cooperative is the core plank of our administration’s driver for SMEs and other empowerment programmes. We also have a Special Adviser in charge of cooperatives.

“I look forward to a closer and more robust interface with the CBN.”