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Obiano Inaugurates Shoe And Allied Products Market Nkwelle Ezunaka

State

WRITTEN BY KENECHUKWU OFOMAH
Governor Willie Obiano has inaugurated the ultramodern Shoe and Allied products market, Nkwelle Ezunaka/Ogbunike.

The market which situates at Nkwelle junction along Enugu-Onitsha Expressway is a brainchild of the Obiano administration, financed through loans from the State Small Business Agency given to clusters of shoe manufacturers.

Inaugurating the Project, Governor Obiano said when he came into to power, he set up ASBA to coordinate lending activities to Small and Medium Enterprises SMEs who are the major drivers of any economy.

Describing the project as a dream come true, Governor Obiano expressed confidence that it will give impetus to the state's export initiative as Anambra Brand of Shoes will gain access to the global market.

He urged the beneficiaries of the ASBA loan to endeavour to repay them to ensure that the scheme is sustained, reminding them of the need to support his second term bid for more developmental milestones in the state.

The Chairman of ASBA Board, Mr. Greg Obi, revealed that plans have been concluded for the establishment of clusters for garment dealers beside the market.

The Managing Director and Chief executive officer of ASBA, Chief Clement Chukwuka, noted that the Agency was able to achieve the project by extending micro credit of five hundred thousand naira per beneficiary to over 800 shoe manufacturers and dealers under a tripartite arrangement it had with the Shoe Manufacturers Association and the project developer.

A representative of the Central Bank of Nigeria, Mr. Osita Nwasinobi, commended the State government for judiciously applying the funds released by the bank for SMEs in creating massive economic activities in the state, saying the Anambra model will be replicated across the country.

The Chairman of the State Shoe Manufacturers Association, Chief Clement Emesim, noted that Governor Obiano was able to follow through the project because he has the interest of the traders at heart and assured him that their votes are for him.

The Governor also during the event inaugurated an administrative complex constructed by the market under the 10 million naira per market choose-your-project initiative.

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