Our Reporter
Enugu State governor, Ifeanyi Ugwuanyi, Friday, said his administration has appropriated the sum of N3.4 billion in the 2020 budget for the establishment of a Small/Medium-sized industry in each of the 17 local government areas of the state.
Ugwuanyi, who spoke during the opening ceremony of the 31st Enugu International Trade Fair, held at the Trade Fair Arena, Enugu, disclosed that an average sum of N200 million was appropriated for the project in each of the 17 LGAs.
The governor explained that the rural development cum job creation initiative is both government-driven and stakeholder-participatory, adding that the choice of the industry will depend on each of the local government’s comparative advantage.
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He also disclosed that his administration has “registered eight agricultural products brand trademarks including the Coal City Rice which will be launched soon, all in a bid to make the difference and give back to our people”.
Speaking on the theme of the Trade Fair, “Advancing the growth of SMEs through corporate governance for rapid economic development”, the governor pointed out that it was very apt as it captured the mood of the nation as an emerging economy.
He maintained that Small and Medium-sized Enterprises /Businesses (SME) are the most potent drivers of the economy, especially in developing countries
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