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Diamond bank maps out N200bn to comply with CBN’s policy on improved MSME

Authorities of Diamond Bank of Nigeria Plc. said they have spent about N20 billion out of the N200 billion mapped out for the establishment of Micro, Small and Medium Enterprises, MSME in all parts of the country.

This is coming on the heels of the Central Bank of Nigeria, CBN’s policy guideline on improved MSME, as well as federal government’s recent launching of SMSE for improved economic recovery in the country.

Diamond Bank’s Regional Manager for Awka, Anambra State, Mr. Ikenna Nwabuwa who disclosed this yesterday at their 46th Diamond Business Xpress Enterprise Series, DBXES held at Industrial town of Nnewi, said the bank had already developed interest in assisting operators of micro, small and medium scale enterpreneuers in establishing businesses that are profit-oriented.

Nwabuwa further disclosed that the management was impressed so far with the progress of most of the enterpreneuers which the bank had assisted financially and materially, adding that other investors who are interested in establishing or expanding their businesses frontiers should open Diamond Business Xpress Account, DBXA to access the funds.

In their lectures, the resource persons, Dr. Ajulu Uzodike of the Cutix Plc. and Chief Innocent Chukwuma of Innoson Vehicle Manufacturing, IVM, stressed the need for every enterpreneuer to apply utmost honesty in all his or her business relationship at all times.

Uzodike and Chukwuma maintained that with honesty and effective collaboration with relevant agencies, the Organized Private Sectors, OPS would be at liberty to source funds and credit facilities from banks and individuals to expand the scope of the establishments.


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