Again, respite has come the way of Micro, Small and Medium Enterprises (MSMEs) in Nigeria, with President Bola Ahmed Tinubu directing a disbursement of a federal government grant of N150,000 each to business owners in Enugu State.
This is just as Vice-President Kashim Shettima on Thursday commissioned Nigeria’s largest Ultra-Modern MSME Fashion Hub in Enugu State.
The Expanded National MSME Clinics is one of the federal government’s strategies for ease of doing business in Nigeria through a series of business fora organized across the country to provide on-the-spot solutions to challenges confronting MSMEs, with the first, second, third and fourth editions launched in Benue, Ogun, Ekiti and Jigawa States respectively earlier this year.
Speaking during the launch of the 5th Expanded National MSME Clinic in the Coal City, the Vice President noted that the N150,000, which is an outright grant that has no requirement for repayment, reflects the commitment of the Tinubu administration to nurturing MSMEs and fostering economic growth in the country.
“I am pleased to announce that His Excellency, President Bola Ahmed Tinubu, has mandated a grant of N150,000 each to be awarded to outstanding exhibiting MSMEs at today’s event.
“Let me assure you that this is an outright grant, with no requirement for repayment, reflecting our commitment to nurturing MSMEs and fostering economic growth,” the VP stated.
Shettima expressed satisfaction with the pace at which the federal government is driving the growth and survival of the nation’s MSMEs, noting that it attests to the fact that “there is no thriving economy without robust small businesses.”
Earlier on arrival in Enugu, the Vice President commissioned the ultra-modern Fashion and Garment Hub for MSMEs set up by the federal government in collaboration with the Enugu State government.
The Vice President also took time to inspect ongoing work at the Enugu International Conference Centre being constructed by the state government as well as the progress of work at the Enugu Command and Control Centre and the Digital Museum at the Government House.
