Ondo NASSI to benefit from World Bank Industrial grant - The Hope Newspapers

Ondo NASSI to benefit from World Bank Industrial grant

Admin 09 Aug, 2017 Business, News

By Fatima Muraina

Over 40 members of the Nigerian Association of Small Scale Industrialists (NASSI) in Ondo State have been selected to benefit a World Bank Industrial grant.

The Chairman of NASSI, Ondo State chapter, GreatSheyi Akintunde made this known in a telephone interview with The Hope yesterday in Akure, Ondo State.

Akintunde said that over 127 Ondo NASSI members were invited for the industrial grant Induction but about 45 scaled through the selection process.

Those who could not meet up with the requirements, Akintunde said, were urged to reapply for the grant in September during the next phase.

He disclosed that those who were selected will be granted a minimum of N7million naira each to boost their industry.

He explained that the association tapped into the opportunity and applied online for consideration.

His words: “The World Bank invited our members to Lagos for induction where some were selected for training on marketing, business plan, financial management and the likes at the Lagos Business School, Pan Africa University.”

While speaking on the modalities for selection, Akintunde said certificate of incorporation was requested to know whether the companies were registered or not, urging those without registration to do so before the next phase.

He said some consultants were sent from the World Bank to the state about two weeks ago to access individual businesses for confirmation.

“We are doing this as an administration to complement the state government because we know if grants are given to some of our members, it will complement the effort of the state government”, he explained.

He called on people in the state to take advantage of such privileges, disclosing that the association has about five other grants its working on, which would further complement the effort of the state government.

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