Cooperative set to boost 10, 000 SMEs through new initiative

To alleviate poverty, boost productivity and positively impact the growth of small medium enterprise (SMEs), a cooperative society, Continental Capital Alliance MCS Ltd is set to empower 10, 000 Nigerians across the country to enhance the economy.

Speaking at a training forum organised recently for members at Christ Apostolic Church, Mushin Convention Ground, Lagos, President of the cooperative, Mr. Peter Enyigwe said with the large number of youths in the country, it is critical that they are well trained to be gainfully employed.

According to him, Nigeria’s economic rejuvenation is hinged on a robust financed private sector driven economic blueprint that if is steadfastly implemented, could deliver a sustained double-digit growth rate.

He said only this could drag the country out of a six decade self-imposed mono-product economic trap into a productive and diversified regional growth driver.Enyigwe explained that to bridge the gap, the cooperative sourced for investible funds to be applied to fast track the birth of a modern, properly skilled workforce.

He revealed plans to partner with the middle class entrepreneur members of the cooperative to help in mentoring the youth to replicate their success stories across the country.He said: “ To this end, therefore we are funding economic diversification and empowerment projects for ten thousand Nigerians who have been registered and screened nationwide under this strategic initiative”.

The president also debunked insinuations in some quarters about the source of the fund, saying it has nothing to do with the World Bank or any of its agencies.Speaking on the disbursement of the fund, Enyigwe promised that the cooperative would soon the members through non-refundable grants and interest bearing repayable loans.