Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have the potential to reduce unemployment in the country.<\/p>\n\n\n\n
Umoren who disclosed this in a meeting organised in collaboration with the Cross River Government and the Chamber of Commerce in Calabar on Thursday added that the activities of SMEs could also enhance economic growth.<\/p>\n\n\n\n
The theme of the event was: \u201cUnlocking the Business Potential of Small and Medium Scale Entrepreneurs (SME\u2019s) in the state.\u201d<\/p>\n\n\n\n
He said that the meeting became necessary for entrepreneurs to know the importance CBN placed on presenting them advantageously to ensure they contributed significantly to the nation\u2019s economy.<\/p>\n\n\n\n
\u201cWe are aware that the micro entrepreneurs in the state have the greatest role of creating employment and adding value to the economy of the state.<\/p>\n\n\n\n
\u201cSo, CBN is taking the bull by the horn by packaging entrepreneurs so that they can add something robust to the Nigerian economy.<\/p>\n\n\n\n
\u201cEverything follows due process because we want to ensure that the right people are getting these funds by preparing their business plan that we will be carefully scrutinise.<\/p>\n\n\n\n