Awka, Nigeria — The Anambra State Action on Business Enabling Reforms (SABER) Committee, in collaboration with the Anambra State Investment Promotion and Protection Agency (ANSIPPA) and the Anambra State Small Business Agency (ASBA), held a landmark event on October 15, 2024, aimed at boosting credit opportunities for small and medium enterprises (SMEs) in the state. The event, held at the International Conference Centre, attracted over 150 SME representatives and demonstrated Anambra’s commitment to fostering a business-friendly environment.
Representing Governor Chukwuma Soludo, Hon. Udechukwu Christian, Commissioner for Industry, highlighted Anambra’s recognition as the best SME-friendly state in the Southeast and its top ranking for Ease of Doing Business (EODB) in southern Nigeria. Christian emphasized the state government’s financial support, revealing that over 4,500 entrepreneurs had already received funding through ASBA and the Ministry of Industry.
“This event is about creating awareness of available funding and infrastructure to support SME growth,” he said, outlining plans for an industrial city to serve as a hub for micro, small, and medium enterprises (MSMEs) and larger industries. “We aim to cement Anambra’s position as a leading trade and industrial center in Africa and beyond.”
Mark Okoye, Managing Director of ANSIPPA and Chairman of the SABER Committee, spoke about the collaborative government efforts to improve the ease of doing business in the state. He discussed the formation of the State Action Plan on Enabling Business Environment Committee, which streamlines communication between the public and private sectors. This initiative equips SMEs with the tools and mindset needed to access funding and thrive.
Clement Chukwuka, MD/CEO of ASBA, reflected on Anambra’s 2019 recognition as Nigeria’s top MSME state, reinforcing the state’s dedication to nurturing a strong entrepreneurial ecosystem.
The event featured a panel discussion with representatives from SMEDAN, the Bank of Industry, UBA, and the Nigeria Stock Exchange Group (NGX), who explored strategies for increasing access to finance, improving financial literacy, and promoting public-private partnerships. Okoye noted that while the government cannot fund every enterprise, it acts as a facilitator, connecting businesses with resources and raising awareness.
A follow-up virtual session was held on October 17, 2024, for SMEs unable to attend the in-person event, ensuring broad access to the valuable information shared. The event marks a significant step in supporting SMEs in Anambra, addressing challenges, and expanding credit opportunities to fuel continued growth in the region.
