The Edo State Governor, Godwin Obaseki has said that the growth and survival of small and medium scale enterprises in any economy will largely depend on appropriate investments in the large scale businesses.
Gov. Obaseki who made the assertion when he received the management team of the Bank of Industry (BOI) on a working visit to the Government House in Benin City, the Edo state capital, said that his administration had always provided an enabling environment for investors willing to do business in the state.
“We are supporting a lot of micro businesses, but if you don’t support the major businesses the smaller ones would not thrive.”
He also added that his administration has provided the right policy framework for business to thrive.
“We have identified the housing chain for instance, it is a Federal Government initiative so how do we now work further down the chain , we can do cement, glass, ceramics, steel even if it is on a limited basis at least to support housing transactions we can see.”
The Managing Director of BOI Mr Olukayode Pitan, in his response, pledged a profitable partnership with the state government in areas of economic development.
He said the federal institution has lofty plans to promote economical growth in the country.
“ We know that if we are to affect the business sector we will not look at N10b or N20b investments, we will try and raise a substantive amount like N500b for us to move what the government is trying to achieve.”