Firms sign MoU to promote SMSEs

In a bid to support the growth and development of Small and Medium-sized Enterprises (SMEs) in Nigeria, two firms, Global Youth Skills Acquisition and Poverty Eradication Organization (GYSAPEO) and Hugogeochris Investment Limited, have joined forces to empower and promote these vital contributors to the nation’s economy. Speaking during the signing of a Memorandum of Understanding […]

In a bid to support the growth and development of Small and Medium-sized Enterprises (SMEs) in Nigeria, two firms, Global Youth Skills Acquisition and Poverty Eradication Organization (GYSAPEO) and Hugogeochris Investment Limited, have joined forces to empower and promote these vital contributors to the nation’s economy.

Speaking during the signing of a Memorandum of Understanding (MoU), between the duo, on Tuesday, in Abuja, the CEO, GYSAPEO, Dr Emmanuel Chucks Ozegbe,said the collaboration aims to provide an enabling environment for SMEs to thrive and expand their operations.

Describing the initiative as ‘’Gysapeo Market Money Scheme”, he said the move was part of the organizations’ efforts in recognizing the crucial role played by SMEs in Nigeria’s economic landscape.

He also noted that GYSAPEO has long been committed to supporting and empowering these businesses and would not relent in its efforts.

The CEO of Hugogeochris Investment Limited, Nnaji Chinedu Ugo George, said his company is ready to provide much funds needed to kick start the project with immediate effect.

“This Mou is a memorandum of understanding of our project on Gysapeo Market Money Scheme. Market money is a project where we encourage our small and business owners with small loans to support their businesses so we are partnering with this company to empower people to expand their businesses and expand it. It trains you on business, evaluates you, empowers you and mentor you to grow from one point to the other in your small scale business”, he said.