Imoke Opens EDC in Calabar

Cross River State governor, Liyel Imoke, says the consequence of growing unemployment in the country has thrown up the need to create the spirit of entrepreneurship to provide opportunities for youths to create self- employment, adding that the state government will partner with the Central Bank of Nigeria, CBN, to establish micro finance banks in all the local government areas of the state for the purpose of providing a fillip of funds for entrepreneurship development.

Imoke said this at the official launching of the South-South Entrepreneurship Development Centre, EDC, a CBN initiative targeted at the development of skilled manpower and the need to device practical measures to engage the army of unemployed youths in economic activities.

Liyel Imoke
Liyel Imoke

While cutting the tape to declare the centre open, the state governor informed the large gathering that the commencement of activities at the centre was long and eagerly awaited by the people of the state because the centre has the capacity to ginger up economic activities not only in the state but in the entire South-South region. He was clear when he said that, “we need to actively pursue one serious ideal towards identifying and exploiting business activities in the region for the growth of our economy…” committing to a partnership with the CBN, other banks and financial institutions to help provide youth with seamless capacity to start up businesses.

At the occasion, CBN governor, Lamido Sanusi Lamido, revealed that his bank has reserved 60 percent funds meant for entrepreneurial development programmes across the country for women so as to help build adequate capacity and contribute meaningfully to the growth of individual families and the Nigerian economy. He also pointed out that the entrepreneurial development centres are located in the six geo-political zones of the country, each equipped with top level curricula to train and counsel graduates and secondary school leavers as well as equip them with business capacities to improve their situations.

Recall that the Cross River State Government invested more than N500 million to acquire and rehabilitate the centre to be able to host the centre, adjudged the best in the country.

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