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Paucity of funds may cost Benue entrepreneur hosting right

By Joseph Wantu, Makurdi   |   05 October 2016   |   2:34 am


Benue State may likely lose its hosting right of the Entrepreneur development Centre, EDC, allotted to the North Central Zone in Makurdi, due to her inability to provide funds for the completion of the structural works at the Centre in line with the tripartite agreement for the Centre.

The State had won the hosting right for the Centre through competitive bidding with other states in the North Central geographical zone and was mandated to provide the infrastructure, sponsor the start-up kits for participants, while the CBN is to equip the Workshops and Laboratories, and thereafter hand it over to the state in 2017.

But the Chairman, House Standing Committee on Industry, Trade and Investments, Richard Ujege, made the disclosure in a lead debate on the report of his Committee’s inspection visit to the Centre, expressed disgust that if funds are not made available for the completion of the structural works, the Centre may be relocated to other states in the zone, who have since indicated interest in hosting the Centre.

In lieu of this, the Benue State House of Assembly has directed the State government to cause the payment of the sum of N195 million to the contractor handling structural works in good time to forestall the relocation of the Centre from the State.

Speaker, Terkimbi Ikyange, who handed down the House resolutions also urged the Benue State Government to preserve and maintain the CBN Entrepreneurship Development Centre due to its importance in developing the entrepreneurial skills of unemployed youths in the state.

While urging the State Government to upset some bills inccured by the Centre, Ikyange commended the efforts of the state in winning the North Central Zone, Central Bank of Nigeria Entrepreneurship Development Centre to Makurdi amid high competition with other states in the zone.

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