The
Shell Petroleum Development Company (SPDC) has approved provision of
investment funding with business support to Small and Medium Enterprises
(SMEs) in Bayelsa and other Niger Delta states.
Shell approved the funding in a partnership agreement with a Bayelsa based resource development company, Zal and GroFin.
Kemela Okara, Bayelsa State Commissioner for Trade and Investment, was represented by Jonathan Lionel-Omo, one-time Commissioner for Environment and Chairman of the Yenagoa Chamber of Commerce, Industry, Mines and Agriculture (YECCIMA) in the signing ceremony in Yenagoa last week.
It was gathered that Aspire Funds as core investor and SPDC as anchor investor drove the partnership.
By the Memorandum of Understanding (MoU), SMEs in Bayelsa and other Niger Delta states can access loans ranging from N2.0 million to N20 million for a repayment period of three to six years without any collateral.
It was reliably gathered that the primary objective of Aspire Funds, which is managed by GroFin, was to create significant socio-economic impact, improve lives of Niger Delta people and improve managerial capacity through business support.
Shell approved the funding in a partnership agreement with a Bayelsa based resource development company, Zal and GroFin.
Kemela Okara, Bayelsa State Commissioner for Trade and Investment, was represented by Jonathan Lionel-Omo, one-time Commissioner for Environment and Chairman of the Yenagoa Chamber of Commerce, Industry, Mines and Agriculture (YECCIMA) in the signing ceremony in Yenagoa last week.
It was gathered that Aspire Funds as core investor and SPDC as anchor investor drove the partnership.
By the Memorandum of Understanding (MoU), SMEs in Bayelsa and other Niger Delta states can access loans ranging from N2.0 million to N20 million for a repayment period of three to six years without any collateral.
It was reliably gathered that the primary objective of Aspire Funds, which is managed by GroFin, was to create significant socio-economic impact, improve lives of Niger Delta people and improve managerial capacity through business support.
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