By PROVIDENCE OBUH

Lagos State wing of National Association of Micro finance Banks (NAMB) has called on the Governor elect, Akinwunmi Ambode to ensure loans are made available for entrepreneurs through the sub sector.

Akinwunmi Ambode

The association made the call through its Chairperson, Mrs. Clara Oloniniyi, in a congratulatory statement, where she said that adequate loans be made available for the growth of entrepreneurs, especially Micro, Small and Medium Enterprises (MEMEs’) operators in the state.

According to her, “Don’t forget those in micro finance banking industry who have been working relentlessly on poverty reduction in the country and it will be good to have a mayor in office who has made our industry a priority.”

She added that it is pertinent for Ambode’s administration to assist micro finance banks in the provision of needed infrastructure in the state, especially in the area of interest rate .

She said, “If the loans are given out at four per cent per month, how much do you think it will amount to in a month that the bank will realise enough profit to meet all the various expenses associated with the loan.?

“We should all know that that the best panacea to realising objectives for establishing MfBs is an aggressive advocacy for entrepreneurship spirit. But this spirit can only be gingered if those at the windows of powers are friendly to the banks.

“The era of finishing from school and the next step is for young graduates to be looking for a job should be over,” she said.