Federal Executive Council (FEC) on Monday June 29 approved a comprehensive financing package totaling approximately $2.96 billion, €200 million, and ₦215 billion to support critical sectors of Nigeria’s economy, including transportation, agriculture, power, infrastructure, and micro, small, and medium enterprises (MSMEs). The announcement was made by the Minister of...
MSMEs
Federal Government has described the 2026 National MSME Awards as a clear demonstration of President Bola Ahmed Tinubu’s unwavering commitment to positioning Micro, Small and Medium Enterprises (MSMEs) as the foundation of Nigeria’s economic prosperity under the Renewed Hope Agenda. Minister of Information and National Orientation, Mohammed Idris, stated...
Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has called for increased support for micro, small and medium-sized enterprises (MSMEs) as part of efforts to drive economic growth and job creation in Nigeria. Obi made this known after holding meetings in London with key stakeholders in...
Federal government on Monday launched the “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA” report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market. The high-level report, hosted by the Office...
Vice President, Senator Kashim Shettima, has implored stakeholders, including financial institutions, government agencies, and the private sector, to expand their scope of support for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. Emphasizing their critical role in economic growth, job creation, and poverty reduction, he urged them to leverage...
Katsina State Governor, Dikko Radda, has highlighted the strides his administration has made in strengthening institutions and boosting Micro, Small and Medium Enterprises (MSMEs) across the state over the past two years. Speaking with the News Agency of Nigeria (NAN) in Katsina, the governor explained that his government established...
The Thriving Business Women Foundation (TBWF), has announced the maiden edition of its Influencer Conference, a pioneering platform designed to assist women in Nigeria’s Micro, Small and Medium Enterprises (MSME) sector move from managing to leading and from surviving to scaling sustainably. The conference, with the theme: “Grow,” is...
President Bola Ahmed Tinubu has said his administration introduced a ₦200 billion intervention fund to boost the competitiveness of Micro, Small and Medium Enterprises (MSMEs) and support manufacturers grappling with structural challenges in the Nigerian economy. Speaking through Vice President Kashim Shettima on Monday at the 31st Nigerian Economic...
A coalition of women entrepreneurs, under the banner of the ‘We Want More Campaign’ (#WEEwantMore), has commended Access Bank’s announcement of a $100 million facility to support Micro, Small and Medium Enterprises (MSMEs). The News Agency of Nigeria (NAN) recalls that the women launched the WEEwantMore campaign online in...
The Federal Government has disbursed over N107 billion to no fewer than 900,000 beneficiaries across Nigeria’s six geo-political zones. The News Agency of Nigeria (NAN) reports that the disbursements is under the Presidential Grant and Loan Scheme for Micro, Small, and Medium Enterprises (MSMEs). The Managing Director of the...
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has described Micro, Small, and Medium Enterprises (MSMEs) as the backbone of the Nigerian economy. Oduwole stated this on Wednesday in Makurdi at the opening of a 2-day Benue Inventors and Entrepreneurs Exhibition 2025. The minister stated that MSMEs contribute...
Delta State Government has assured that the one billion Naira soft loan it approved for Micro, Small and Medium Enterprises (MSMEs) in the state would be ready soon. Executive Assistant to Gov. Sheriff Oborevwori on Public Enlightenment (Projects and Policies), Mr Olisa Ifeajika, disclosed this while clarifying certain issues...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has said the proposed tax reform bill will significantly reduce financial burden and create growth enabling environment for small business owners. The Director-General of SMEDAN, Mr Charles Odii, said this at a stakeholder engagement on tax reforms organised by...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Umara Zulum on Tuesday shared N1 billion to about 9,403 micro, small and medium entrepreneurs (MSMEs) as part of his administration’s measures to boost businesses, stimulate the local economy and fight poverty. Several MSMEs and vulnerable families from Biu and...
The Job Creation and Micro, Small and Medium Enterprises (MSMEs) Secretariat (Office of the Vice-President) has announced that the overall winner of the 2025 MSMEs Award will receive a car, a house, a shop, and a cash prize worth N220 million. Senior Special Assistant to the President on Job...
The Federal Government has raised the amount small businesses could access on single digit loans to N5 million to ensure the country’s inclusive economic growth. The Managing Director and Chief Executive Officer, Bank of Industry (BOI), Dr Olasupo Olusi, made the announcement on Friday during a town hall sensitisation...
Job Creation and Micro, Small and Medium Enterprises (MSMEs) Secretariat (Office of the Vice-President) has entered into a partnership with Mr Innocent Idibia (Tuface) to galvanise public support for the MSMEs sector. The News Agency of Nigeria (NAN) reports that the partnership agreement was signed by Tuface and Mr...
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...
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...