The Federal Government, says the N75b Loan Scheme for Micro, Small, and Medium Enterprises (MSMEs) will diversify the Nigerian economy, create jobs, promote value-addition, revitalize communities, and boost exports. The Minister of Information and National Orientation, Alhaji Mohammed Idris, made this known at the Town Hall meeting on the...
MSMEs
By PATRICK ABANG, Calabar – Cross River State Government has signed a Matching Fund Collaboration of one billion naira (₦1Billion) with Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) for the development of MSMEs in the state The state governor, Bassey Otu made the commitment in Abuja when...
Wema Bank has said it would train and empower 100,000 youths and Micro, Small and Medium Enterprises (MSMEs) in Ekiti. The bank’s Executive Director of Retail and Digital Business, Tunde Mabawonku, in a statement on Thursday, in Ado-Ekiti, said the training would be in partnership with Ekiti...
By TYAV SAM TYAV, Makurdi – The Benue State Governor, Hyacinth Alia has bagged an outstanding award for the support of the development and growth of Micro, Small and Medium -Scale Enterprises (MSMEs) in Benue State. This award is coming few months after the Governor had collected an...
The Development Bank of Nigeria (DBN) says it has disbursed over N787 billion to no fewer than 495,000 Micro, Small, and Medium Enterprises (MSMEs) since its inception to 2023. It also said that the disbursement was with a focus on women and youth-led businesses. According to the bank’s...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint venture (JV) have donated N53 million to some NGOs in Nigeria. The NNPC Ltd. said the donation was part of its Corporate Social Responsibility (CSR) initiatives. Mr Bala Wunti, Chief Upstream...
A Chieftain of All Progressives Congress (APC), Mr Olatunbosun Oyintiloye, has advised President Bola Tinubu to monitor the disbursement of the N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises and manufacturers. Oyintiloye, while speaking with newsmen on Sunday in Osogbo, urged the president to...
The Federal Government plans to reward hard-working and innovative Micro, Small and Medium Enterprises (MSMEs), with cars, houses and cash at this year’s award ceremony, an official has said. The Senior Special Assistant to the President on Job Creation and MSMEs, Mr Tola Adekunle-Johnson, at a news conference...
Vice President Kashim Shettima has inaugurated the first Nigeria Philanthropy Office (NPO) that would collaborate with the International philanthropic organisations to raise $200million for job creation and support for the Micro Small and Medium Enterprises ( MSMEs) . The News Agency of Nigeria (NAN) reports that the vice...
By MBAFAN ADE, Abuja – The Federal Government has said it is set to commence the disbursement of loans to the Micro, Small and Medium Enterprises (MSMEs) by January 2024. The Senior Special Assistant to the President on Job Creation and MSMEs, Office of the Vice-President, Mr...
The Federal Government has commended Access Bank P.lc., for the upward review of its loan scheme for Micro, Small and Medium Enterprises (MSMEs) from N30 billion to N50 billion. Mr Temitola Adekunle-Johnson, Senior Special Assistant to the President on MSMEs and Job Creation, Office of the Vice-President, stated...
Vice President Kashim Shettima on Friday emphasised the unwavering commitment of President Bola Tinubu’s administration to enhance job security within the Micro, Small and Medium Enterprises (MSMEs) and the younger population. Senior Special Assistant to the President on Media and Communications, Office of the Vice-President, Mr Stanley Nkwocha,...
The Federal Government in collaboration with International Philanthropic organisations have partner to raise 200 million dollars to create jobs and support the Micro, Small and Medium Enterprises (MSMEs) space. Mr Temitola Adekunle-Johnson, Senior Special Assistant to the President on MSMEs and Job Creation, Office of the Vice President,...
By DAVID IORJA, Abuja – Vice President Kashim Shettima, has commended Access Bank for offering N30 billion discounted loan to 700,000 Micro Small and Medium Enterprises (MSMEs) in the country. VP Shettima made the commendation during a meeting with MSMEs stakeholders. Shettima, while interacting with MSMEs...
Nigerian Association of Small and Medium Scale Enterprises (NASME) has urged the government to support small and medium scale enterprises (SMEs) with grants to survive the present economic challenges. NASME Chairman in Oyo State, Prince John Karunwi, stated this in an interview with the News Agency of Nigeria,...
The Federal Government says it is putting in place a N75 billion intervention fund to support small businesses in response to the country’s current economic challenges. The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said this at the beginning of the 18th Abuja International Trade Fair (AITF)...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has urged stakeholders within the Micro Small and Medium Enterprises’ (MSMEs) ecosystem to create a more supportive environment for MSME’s to grow, thrive and contribute to the economy. The Chief Executive Officer, SMEDAN, Dr Olawale Fasanya, gave the...
Vice President, Kashim Shettima says President Bola Tinubu is committed to empowering Micro, Small and Medium Enterprises (MSMEs) for the development of the nation’s economy. Director Information Office of the Vice President, Mr. Olusola Abiola, in a statement on Tuesday, said Shettima stated this in an interview with...
Some experts have said that Nigerian economy will witness positive turnaround with support from government and investors for Micro-Small and Medium Enterprises (MSMEs). They stated this at a news conference held at Nigeria Union of Journalists (NUJ) Press Centre in Ibadan on Wednesday. The News Agency of Nigeria (NAN)...
By DAVID IORJA, Abuja – The Vice President, Sen. Kashim Shettima has solicited more support from commercial banks and government-owned Development Finance Institutions for key government interventions for Micro Small and Medium Enterprises (MSMEs). The Vice President stated this today when he received some chief executives of Development...