Tag: MSME

FG to fast-track quick access to single-digit loans for MSMEs-Shettima

Aminu Imam

Vice-President Kashim Shettima has said that the Federal Government has a plan to urgently ensure quick access to single-digit loans for Nigerian small businesses within the shortest time possible. According to him, this is in recognition of the role of Micro Small, and Medium Enterprises (MSMEs) in growing the nations economy. The vice president made the disclosure yesterday in a message to mark the 2023 World Micro Small and Medium Enterprises (MSME) Day. Shettima stated: On this World MSME Day, the government of President Tinubu recognizes the vital role that MSMEs…

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Sokoto: ‘Politicians hijacked CBNs Covid-19 loans’ – Small businesses groan

Aminu Imam

Small business owners in Sokoto State are fuming over the alleged silence of the government on the impact of Covid-19 on their businesses. Also, market traders in the State have decried their inability to access government facilities. They claimed that most of the opportunities have been hijacked by politicians and shared among their families and children in the state. According to a trader at one of the largest markets in the State capital, Sokoto, Hajia Halimah market, Bashir Muhammad, The government wont do anything because the government doesnt like poor people, especially small business…

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4th MSME awards: Gombe receives Gold medal on ‘Ease of Doing Business”

Aminu Imam

From Umar Kaltungo Governor Muhammadu Inuwa Yahaya, of Gombe State, has received an award of the ‘Best Performing State’ and Number one in ‘Ease of Doing Business among the 36 States and the Federal Capital Territory (FCT). The award was presented to him by the Vice-President, Prof. Yemi Osinbajo, (SAN) during the 4th MSME Awards and Dinner, which held at the Banquet Hall of the Presidential Villa in Abuja yesterday. The awards ceremony was the climax of a week-long celebration of excellence, hard work and innovation in the Micro, Small…

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FG disburses N27bn from MSMEs Survival Fund

Aminu Imam

…Last scheme portal opens Feb. 9 The Federal Government has announced the disbursement of N27 billion to Micro-Small and Medium Enterprises, (MSMEs), as part of the MSMEs Survival Fund scheme. This disclosure was made by the Minister of State, Industry, Trade and Investment, Amb. Mariam Katagum, who is also the Chairperson, Steering Committee, MSME Survival Fund and Guaranteed Off-Take Schemes (GOS), while briefing newsmen on Thursday, in Abuja. This is as the government has concluded plans to roll out the last 2 schemes that make up the MSMEs Survival Fund,…

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N50bn CBN COVID-19 disbursement, the highest fraud in Nigeria at the moment, says Akinyele

Ishaku Yohanna

 If claims of malpractices surrounding the ongoing disbursement of the Central Bank of Nigeria (CBNs) N50 billion COVID-19 Targeted Credit Facility (TCF) for households and Micro, Small and Medium-scale Enterprises (MSME) is anything to go by, then the good purpose of the scheme may be under threat. While the Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) Microfinance Bank, which is managing the scheme on behalf of the CBN, is doling out figures of beneficiaries, the reality is dominated by allegations of exercise being skewed towards friends and relatives.…

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