Speaking during the ceremony in Lagos, Managing Director/Chief Executive Officer, Fidelity Bank, Nnamdi Okonkwo, urged MSME operators to take advantage of the fund to expand their businesses. He pointed out the fund was not only special for the economy, the CBN, the government and the banking industry, but also special to Fidelity Bank
hedigbo, said the association which was formed to promote agriculture was in the company for facility tour and to have firsthand knowledge of its operations.
According to press statement issued by Isichei Osamgbi, Deputy Director / Head Public Relations NIMASA said the Director General further stated that he was taken aback by the recent media reports trying to disparage the Agency on the Nigerian Seafarers Development Programme (NSDP). He noted that under the programme over 2,500 young Nigerians have benefited or are currently enjoying various levels of scholarship in reputable institutions in the United Kingdom, Egypt, Romania, India and Philippines.
The well attended meeting approved recommendations of a Sub Committee on Increasing Finance to MSMEs chaired by the Minister of National Planning, Dr. Abubakar Suleiman Olanrewaju. These include reduction in the collateral requirements for Participating Financial Institutions and Micro Finance Banks (MFBs) to 50 per cent.
The major two indices shown negative: Profit before tax fell marginally to N61.46 billion, as against N62.2 billion in 2013, while profit after tax fell from N43.1 billion toN42.52 billion. Earnings per share declined from 570 kobo to 562 kobo.
It is unfortunate that the authors of that statement and their agents are only attempting yet again without success to discredit the Agency, having failed in doing so through the malicious lies on the purchase of the operational vessels, and attempt to discredit NIMASA success story which is currently training over 2,500 young Nigerians as seafarers.