SMEs blame Osun govt for delay in C of O processing, denying them access to BOI loan

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[Osun]–Nigerian Association of Small and Medium Enterprises on Tuesday faulted the Osun State government for poor and slow processing of Certificate of Occupancy warranting to inability to access Bank of Industry loan.

This was said by the Chairman of the association, Evang. Femi Ayedun at a day seminar organized by the Bank of Industry, titled ‘Accelerating Industrial Growth in the State of Osun’.

Ayedun in his address said, “Without much rhetoric, the Small Medium Enterprises will appreciate the timely perfection of our land title. In other to access loans, Certificate of Occupancy is key to banks and finance houses.

“But presently perfection of land title is getting extremely worrisome. We were jostling for joy when C of O was launched but we are yet to see its fruition. We would appreciate if you can have a second look so that our members can have access to loan with which their industry will be boosted.

Ayedun also pleaded for Aregbesola’s intervention on tax collection.

He said, “SMEs are soliciting for the help of the Governor Aregbesola to harmonize different collections of taxes and rates by both State and Local Government”.

Ayedun also lamented that tax rates are too high to bear especially at this period of recession.

He said, some small medium enterprise are closing down already.

He further pleaded that tax rates should be reduced to the barest minimum.

However, Oba of Kuta, Hammed Makama while addressing stakeholders at the seminar advocated for SMEs saying the BOI should look within themselves in advancing them.

He also advised the State government to encourage them in patronage.

He said” Any thing the government needs should be sorted with the state which will go a long way in contributing tremendously to the economy of the state.

Also the Managing Director of Bank of Industry, Mr Olukayode Pitan in his address said “We on our own had disbursed other loans to other institutions and individuals in Osun state as at today our loan portfolio is about N3.5 billion but the state can also do much more than that.

Pitan said, BOI will do all within their reach to ease the problems the stakeholders are facing to access the benefits.

He said “We are going to work with the state government to attends to lingering issues and on the issue of length of time used to access facilities from us, we are going to look inwardly to do justice to that and ensure that loans are disbursed on time for them.

The deputy governor of Osun State, Mrs. Titilaoye Tomori in her address said, “all the food we are giving to the pupils in the State are all sorted from the State which has improved our economy; the only thing we are sorting from outside Osun was Rice which we are now producing in the state and feed our pupils with now.

“As a State we have a vision to feed Nigeria which is why we are supporting farming earnestly, urging and admonishing Nigerians to go back to farming “.




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