Adolor Highlights Risks of Misusing Business Operational Funds

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By Sunday Apah

Small business owners in the state have been urged to respond positively to the significant investments made by Governor Sheriff Oborevwori in their enterprises.

Dr. Godwin Adolor, the Executive Secretary and Chief Executive Officer of the Delta State Micro, Small, and Medium Enterprises Development Agency (DEMSMEDA), shared this advice while appearing as a guest on the DBS Asaba phone-in program, Orientation Panorama.

During his interview, Dr. Adolor emphasized that Governor Oborevwori has empowered over 200,000 micro, small, and medium enterprises (MSMEs) across the state through various initiatives, calling these reforms a remarkable achievement for the business sector.

He encouraged entrepreneurs to leverage the governor’s substantial investment by channeling it into productive ventures, highlighting the importance of utilizing the billions of naira allocated to the program wisely.

He advised business owners to remain focused and make prudent use of their employment packages.

Dr. Adolor explained that the agency’s mandate is to foster, develop, and sustain businesses throughout the state.

He praised his team of competent directors who are committed to executing the governor’s vision of enhancing MSMEs to meet established goals.

The Executive Secretary noted that the state government continues to distribute empowerment packages while assuring entrepreneurs of the agency’s support in terms of advisory services, capacity building, grant assistance, and connections to markets and financial institutions to facilitate business growth and sustainability.

Reflecting on the D-Cares initiative, Dr. Adolor commended the state government for the successful disbursement of funds in its fourth tranche, which benefited over 4,500 small business owners in a phased approach.

He reiterated the importance of keeping personal financial needs separate from operational funds to ensure the sustainability of their businesses.