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Betamark Production Company Limited, a certified and accredited Entrepreneur Development Institute (EDI) Training Institute has commenced training for Agro business experts, start-ups and people in Micro, Small and Medium Enterprises (MSMEs) to access Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS)-Central Bank of Nigeria (CBN) loan.
Duro Kuteyi, Chief Executive Officer of the institute while speaking during one of the training in Lagos, said that the training is important as it is part of the requirements to access the loan, as applicants need to be trained by a certified and accredited Entrepreneur Development Institute (EDI) Training Institute.
He said that this allows the trainees to get certificates issued by the Training Institute which is one of the CBN requirements for the loan.
Kuteyi said that the initiative is to support the Federal Government’s efforts and policy measures for the promotion of Agricultural Businesses, Small and Medium Enterprises (SMEs) as vehicles for sustainable economic development and employment generation and also to develop value chain and ensure sustainable agricultural practices.
He noted that Betamark is one of the accredited EDI licensed by CBN, where applicants are currently being trained on how to be sure of getting the loan in a quick process, adding that activities of the initiative cover businesses across the agricultural value chain covering inputs supply, production, storage, processing, logistics and marketing, among others.
Speaking further, Kuteyi stated that the training is an eye-opener for applicants to know what the loan entails, how to meet the requirements to benefit from the loan and how to run their businesses.
He said that the loan is meant for MSME, comprising agriculture, manufacturing and other services, which involves those already in business and start-ups and that in the start-up category, there are youths and people who feel like changing their businesses.
“The loan is meant for MSME, comprising agric, manufacturing and other services, which involves those already in business and start-ups. In the start-up category, there are youths and people who feel like changing their businesses,”
He also called for division of labour across the agriculture value chain for maximum productivity in the sector, stressing that some will be in farming, processing and tertiary processing at the same time.
“There must be division of labour across the agricultural value chains for maximum productivity to avoid unnecessary stress.
“Some will be in farming, processing and tertiary processing business at the same time, which brings stress. When you look at the agric value chain, unless you are big to combine these together, it is a stress. There must be division of labour on this,” he said.
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