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Delta wins CBN best state award on micro finance/SME

The Central Bank of Nigeria (CBN) has adjudged Delta State as the best state under the Microfinance/Small and Middle Enterprise category and the 1st runner-up under the Agric Credit Guarantee scheme- Trust Fund Model.

In a letter signed by Dr. Kingsley Chiedu Moghalu, Deputy Governor, Financial System Stability, the CBN says the awards are in recognition of Delta State’s efforts towards developing the Microfinance/SME sub-sector during year 2009 and the programme’s efforts towards developing the Agricultural sub-sector in 2009.

The awards, which was presented to the Governor of Delta State, Dr. Emmanuel Uduaghan, by Vice President Goodluck Jonathan at the opening ceremony of the CBN 4th Annual Microfinance Conference and Microfinance Entrepreneurship Awards, in Abuja, also witnessed the presentation of the 2009 best Micro Entrepreneur most marketed product/services on Mrs. Woods Ireyeesorie, a DMCP client and Managing Director Ireyeesorie Dry Spices, makers of food spices.

The CBN conference, which will be held under the theme: “Sustainable Microfinance Delivery for Nigeria” is designed to provide avenue for stakeholders to brainstorm on best ways of conducting microfinance practice and building a financial system that can effectively serve the poor/low income households in the country.

It would be recalled that on 22 January 2009, the CBN presented the same award to Delta State governor, Dr. Emmanuel Uduaghan, for his commitment to eradicating poverty and creating wealth at the grassroots level through the Delta Micro Credit Programme (DMCP).
For the second year running, Delta State has won the prestigious Award.


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