Beneficiaries of Micro, Small and Medium Enterprises (MSMEs) grants and loans provided by the President Bola Tinubu-led administration have declared that the scheme is not a fraud. Those who got the Presidential Nano-business grant of N50,000 noted that the scheme “is never a scam but real, with seamless protocol that made the grant access easy. They disclosed this during a …

The Special Adviser to Governor, Ogun State, Dapo Abiodun on Investment, Sola Arobieke, has stated that the Abiodun-led administration is committed to supporting Micro, Small, and Medium Enterprises in the state. The Special Adviser stated this in a statement signed by his media aide, Sesan Sodunke, on Sunday. According to Arobieke, during a panel session at a two-day SMEs Development …

A massive boost to reflate the economy is underway, Minister of Industry, Trade and Investment, Doris Uzoka-Anite said yesterday. Seventy-five major companies will get N1 billion single-digit loan disbursement next month, while another N125 billion will be given out as loans to Micro, Small and Medium Enterprises (MSMEs), she said. Dr. Uzoka-Anite, said the financial support follows the verification of …

Enugu State Governor, Peter Mbah has launched the distribution of inputs and grants valued at over N4.6 billion to farmers, communities, and IT startups in the state. This, the governor said, was part of his efforts to enhance food security, promote agro-industrialisation, and support Micro, Small, and Medium Enterprises (MSMEs) development. During the symbolic flag-off ceremony held at Okpara Square …

The federal government, on Thursday, said the disbursement of N150 billion loans to micro, small and medium enterprises (MSMEs) and manufacturers would commence by the end of July 2024. The fund dedicates N75 billion to MSMEs and another N75 billion to the manufacturing sector. It also disclosed that 60 per cent of the proposed one million beneficiaries of the Presidential …

President Bola Tinubu has approved the creation of an additional Information and Communications Technology (ICT) Hub for Ekiti State, as part of efforts to boost activities of micro, small and medium enterprises(MSMEs). The Vice-President, Kashim Shettima, announced this on Thursday in Ado Ekiti, the state capital, during a one-day working visit. Shettima, who said Governor Biodun Oyebanji demanded the establishment …

The Federal Government said it will soon commence the loan disbursement process for micro, small and medium enterprises (MSME) and manufacturing sectors under the Presidential N200 billion Intervention Fund scheme. Announcing the disbursement of the funds, Minister of Industry, Trade and Investment, Doris Uzoka-Anite noted that the decision was taken following the success of the ongoing disbursements targeted at supporting …

The federal government has entered into a new partnership with Access Bank to guarantee access to funds for Medium, Small and Micro Enterprises (MSMEs) across Nigeria through an SME focused initiative tagged “YouThrive by Access”. The aim is to facilitate job creation to cut Nigeria’s high unemployment rate. Head of non-financial services, emerging businesses at Access Bank, Chioma Ogwo said …

The federal government has announced plans to formalise one million businesses across Nigeria at a discounted rate. Vice President Kashim Shettima disclosed this on Tuesday when he launched the Expanded National MSME Clinic in Makurdi, the Benue State capital, marking the first stop on a nationwide journey to empower small and medium-sized businesses. MSME Clinic, the first of its kind …

Arising from its meeting, the council of the National Agency for Food and Drug Administration and Control (NAFDAC) has rolled out a new set of palliatives to help Micro Small and Medium Enterprises (MSMEs) survive the temporary economic fallouts of fuel subsidy removal and enhance the ease of doing business in Nigeria. To this end, the agency said on Sunday …