Enugu State Government
Special Adviser to the Governor on SME Development & Investment Promotion
DG, Enugu SME Center
October 2019 - Date
RELEVANT TRANSACTION EXPERIENCE
Created an implemented the Enugu Human Capital Development Loans® (HCDL) an innovative zero interest loan program that is used solely for skill acquisition, trainings (technical and vocational) with private sector anchors with access to jobs and entrepreneurial support upon completion of the training. Since inception of this Program in November 2019, we have created over 7,000 jobs (direct and indirect), disbursing over N250 Million in HCDL Loans with an 85% recovery rate.
Partnered with Jobberman Nigeria to create the Enugu Jobs Portal (www.enugu-jobs.com) that matches job seekers with employers and trainers with mandatory soft/employability skills training and option technical training (option request from employer). Job seekers can access the Human Capital Development Loan to make this payment.
Under the Enugu Learning ® Initiative- Commenced the Enugu Skill Acquisition Masterclass Program to provide quality capacity development skills to jobseekers, entrepreneurs, MSMEs and the like in the State. Since inception, we have trained over 35,000 (in-person and virtual).
Focal Person for Enugu State under the novel Federal Government- MSME Survival Fund, a component of the Nigerian Economic Sustainability Plan (NESP) for N75 Billion support for vulnerable MSMEs to mitigate the effects of the COVID-19 Pandemic
Implemented the 1 st Enugu SME Hackathon that targets tech-inclined and non tech-inclined creative thinkers to develop sustainable platforms, products and ventures that cement Enugu State as a hub for innovation. Winner receives a N1.5Million Business Support Grant.
Commenced the Enugu Human Capital Development Loan Program- a loan for jobs scheme which guarantees job placement after capacity development training. This initiative targets to create a minimum of 20,000 jobs yearly.
Developed and implemented the N500 Million Enugu State Government and Bank of Industry (BOI) Matching Funding Program.
Recovered over N950 Million (US$2.6Mn) within the first three (3) months upon appointment from indebted beneficiaries under the N2 Billion Micro, Small & Medium Enterprise Development Loan Program (MSMEDF) that commenced in 2014 and ended in 2019 with only N389 Million (US$1.08 Million) recovered within the same period.