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MSME

COVID-19: Sanwo-Olu approves three-month moratorium on N2.8bn MSMEs loan

LASG

.Targets political parties, religious, ethnic groups in new palliative scheme The three months moratorium on loans to Micro, Small and Medium Enterprises (MSMEs), granted by Lagos State Governor, Babajide Sanwo-Olu, is a reprieve of about N410 million, it has been learnt. There will be no interest payment on the N2.8billion loans given out by the […]

Osinbajo lauds Gov Ugwuanyi on entrepreneurship programmes

Vice President Yemi Osinbajo has commended Enugu State Governor Ifeanyi Ugwuanyi for his administration’s unceasing cooperation with the Federal Government in the advancement of the set objectives of the Micro, Small and Medium Enterprises (MSME) in the state and beyond. Osinbajo, who said he was “extremely delighted” with the “kindness and warm reception” the state […]

World MSME Day 2018: Imperative to economic development

June, 27th every year has been declared by the United Nations as World MSME Day. The MSME Day 2018 Slogan is Youth Dimension-centring on Youth Entrepreneurship and Youth Employment. It brings to the front burner “the strong contribution of business worldwide to livelihoods, communities and economies and the need to support MSMEs towards their success.” […]

SMEDAN to Partner UNIDO on Sector-Specific MSME Needs

Small Medium Development Agency of Nigeria (SMEDAN) has expressed plans to collaborate with the United Nations Industrial Development Organisation (UNIDO) in addressing sector-specific needs of the Micro Small and Medium Enterprises (MSMEs) in the country. The Director General of SMEDAN BatureMasari, represented by Engr. Abu Ozigi, Director (Technology, Innovation & Infrastructure) made the disclosure in […]

50 Youths to Benefit from CBN N220bn MSME Fund

Following the launch of the Youths Entrepreneurship Strategy in Oil and Gas Industry, 50 youths has been identified as beneficiaries of the N220 billion set aside for Micro Small Medium Enterprises (MSME) through the Central Bank of Nigeria (CBN) and are billed for entrepreneurship training. Daily Times gathered that part of the N220 billion set […]

FG obtains $1bn facility to establish MSME wholesale bank

The Federal Government has announced that it has secured one billion dollar loan for a Micro, Small and Medium Enterprises (MSMEs) Wholesale Bank to aid the growth of the Small and Medium Enterprises sector. The loan is also expected to boost job creation and reduce poverty across the country. The proposed MSME Wholesale Bank is […]