BENIN CITY- Amidst economic hardship across the country, Edo state Investment promotion says it has partnered UNDP to empower over 3,000 Micro, Small and Medium Enterprises with #300M grant to facilitate businesses across Edo state
The move according to the
Managing Director Edo Investment Promotion Mr Kelvin Uwaibi is geared towards fostering a conducive business environment and reducing bureaucratic difficulties for micro, small and medium businesses to thrive.
Mr Uwaibi disclosed this to newsmen in Benin City to keep the public abreast of the activities of the state’s own investment promotion.
Mr Uwaibi stated that Edo state government has also entered understanding with Bank of Agriculture (BoI)and LAPO micro finance bank to launch two billion naira to support 50,000 MSMEs, insisting that such development has enabled ease environment of doing businesses
He said Edo Investment Promotion has established a one – stop – shop which will serve as a centralized platform for businesses to access different services including regulatory compliance information and support which will further reduce the bureaucratic hurdles and enhance the overall business experience in the state just as investment desks were set up across all local government areas to create rooms for MSMEs to thrive
” Edo state government is fostering a conducive business environment is further exemplified by the establishment of one -stop investment Center which serves as a centralized platform for businesses to access various services including business registration tax compliance permits, license, regulatory compliance,
information and support. This will reduce bureaucratic hurdles and enhance the overall business experience”.
He stated that the agency was working on tax unification to prevent multiple and illegal taxing adding that the Edo state government is committed to creating a supportive and hict free environment for businesses to thrive.
