President Bola Tinubu has directed the disbursement of N150,000 grant to each participant of the expanded national micro, small, and medium enterprises (MSMEs) clinic.
Vice-President Kashim Shettima disclosed this on Thursday
while declaring open the third edition of the MSMEs clinic at the trade fair
complex in Ado Ekiti, Ekiti state.
The expanded national MSME clinics are one of the federal
government’s strategies for ease of doing business in Nigeria, according to a
statement by the presidency posted on X.
The presidency said the programme is a series of business
forums organised in different cities across the country to proffer “on-the-spot
solutions to challenges confronting MSMEs”.
According to the statement, the first and second editions of
the clinics were launched in Benue and Ogun states respectively earlier in the
year.
Speaking at the launch, Shettima said the N150,000 was an
outright grant that does not require beneficiaries to repay.
“I am pleased to share that Mr President has directed me to
ensure that all outstanding exhibiting MSMEs at the clinic today receive a
grant of N150,000 each,” he said.
“This is an outright
grant, and the beneficiaries will not need to repay it. We extend our gratitude
to our partners for their unwavering support.”
The Shettima also disclosed that the same clinics would be
launched in Borno and Enugu states “before culminating in the national MSME
Awards in FCT on June 27, to commemorate the United Nations World MSME Day”.
“Small businesses are the lifelines of communities across
the nation and a strong pillar of stability during this critical phase of our
economic transition,” Shettima said.
“We cannot claim to have excelled in our interventions
unless they remain our top priority.
“Our commitment to
revitalising the MSME sector ensures that these businesses continue to serve
their essential buffering function.”
During his visit, Shettima also inaugurated the ultra-modern
fashion and garment hub at Odua textile complex, Basiri, Ado Ekiti.
The vice-president said while it competes ideally with
others globally, the hub has the potential to create an estimated 48,000 jobs
annually.
He described the hub as a significant milestone by Tinubu’s
administration to empower local industries.
“It boasts the
capacity to produce a wide range of fashion gear, including military uniforms,
and rivals any facility in the world,”
he added.
“Equipped with modern-day machinery and technology, this hub
holds immense potential for job creation, with projections estimating an
average of 48,000 jobs annually.
“With over 300 pieces
of cutting-edge equipment, this hub represents a significant milestone in our
efforts to empower local industries.”
Shettima also said he anticipates that the facility would be
managed by a competent private sector entity, while both federal and state
governments will maintain vigilant oversight over its operations.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com