“ONCE you become our member, you will have access to relevant information and loan needed in order to grow your business.”
Dr. Femi Egbesola, President, Association of Small Business Owners of Nigeria (ASBON), told Industrial Digest in an exclusive chat during the Commerce and Industry Correspondents Association of Nigeria (CICAN)’s Public Lecture 2018 with the theme: Beyond 2019: Leveraging Good Governance for Nigeria’s Industrial Transformation.’
Dr. Egbesola disclosed that ASBON is beneficial to existing and prospective member companies, especially in the areas of access to loans from development finance institutions such as the Bank of Industry and states government funded capitals such as Lagos State Employment Trust Fund, LSETF.
“If they come through our platform, we help to build their capacity and help them to know their requirements to access the loans, what the government wants and what they don’t, and we help them so that their applications for the loans are not rejected,” he said.
Represented by Mark Akinola, he said that apart from helping our members to secure loans there are a lot of other benefits when any firm that joins our platform enjoys, but first, you have to become our member.
On the requirements to join ASBON, he said that they are not farfetched: “First, the membership is opened to those who are about to start Business, or newly formed businesses looking for an association to join.
“What we do in loan tracking? They have records with us – their house addresses and phone numbers and if they don’t give us genuine information , we are going to know; I don’t think they can run away because we ensure that whatever they bring is genuine and is actually what we want,” he said.