Small and Medium Enterprises (SMEs) in the South-East of Nigeria will be able to get $1 billion in funding help from the South East Business and funding Summit (SEBIS). SMEs in the region are supposed to grow and progress with the help of this project.
Nigeria’s south-east has a lot of economic promise, but small and medium-sized businesses (SMEs) there have a hard time getting financing, building or fixing up their businesses, finding skilled workers, getting into new markets, and following the rules. Working with the government, public groups, and private companies like Enyimba Economic City (EEC) to solve these problems is what SEBIS does.
Over the next five years, SEBIS will give a $1 billion funding fund to help small businesses in the South-East. The goal of the project is to boost economic growth and development in the region, assist small and medium-sized businesses (SMEs) in their growth and development, give them access to funding, infrastructure, and skilled workers, encourage partnerships between SMEs and investors, and make the region more competitive.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the Infrastructure Bank of Nigeria, Continental Export Development Nigeria (CEDEN), diaspora groups, and investment communities in Europe and the US are all working together with SEBIS.
The SEBIS meeting will take place in Enugu from December 11th to 13th. SMEs from Nigeria, India, and other places around the world, as well as investors, policymakers, and experts in the field, will meet at the meeting. More money will be invested in small businesses, they will have better access to finance, infrastructure, and skilled workers, the economy will grow and develop faster, partnerships will grow, and the area will be more competitive.
SEBIS will use a number of tactics, such as figuring out what small businesses need, giving them training and programs to build their skills, making it easier for them to get money and infrastructure, encouraging partnerships, and keeping an eye on their progress.
SEBIS is an important project that will help the South-East of Nigeria grow economically and progress. SEBIS could change the region’s economy and make people’s lives better by giving $1 billion to help with investments and forming partnerships with important groups.
The meeting will happen from December 11–13, 2024, and the plans will be put into action from 2025–2029. One billion dollars will be spent on the project.
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