Business

NDDC Releases Funds For Entrepreneurship, Economic Growth

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In a move to stimulate entrepreneurship and economic growth in the region of Niger Delta, the Niger Delta Development Commission (NDDC) has released N10 billion to the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA).

Dr. Samuel Ogbuku, the Managing Director of NDDC, announced on Friday at the inauguration of the board of NDCCITMA directors in Port Harcourt, Nigeria.

Explaining that the N10 billion was an initial deposit of the N30 billion promised by the commission was meant for the chamber to kick-start the entrepreneurship development program.

Read more: NDDC offers free medical tests in the Delta community

“Earlier, I did mention that the commission will be investing N30 billion in the Enterprise Development scheme to be managed by NDCCITMA to support the entrepreneurs in our region from the NANO and micro to the small-scale level.

“I am here to reaffirm that promise, We shall make good the promise by releasing ₦10 billion to the NDCCITMA designated bank for immediate commencement of the entrepreneur’s development program.

“We have approved 5,000 businesses to kick-start this initiative, and we assure you that NDDC is poised to grow the region in commerce and trade,” Ogbuku said.

Ogbuku, urging all contractors and vendors in NDDC to register with NDCCITMA by July 31, also said the registration would be an added advantage for consideration of patronage by the commission.

Mr. Idaere Ogan, the Board Chairman of NDCCITMA, reaffirmed the chamber’s readiness to work with NDDC to achieve its vision of transforming the Niger Delta region and stated that NDCCITMA is aimed at facilitating job creation, skills development, innovation, export growth, and productive partnerships across all tiers of the economy.

 

 

 

NAN

Chidimma Anikwenze 12 posts 0 comments
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