The Federal Government has created more than 240,000 direct jobs by enhancing the capacity of Micro, Small, and Medium Enterprises (MSMEs) across the country.
This milestone was achieved through several targeted initiatives and interventions aimed at fostering entrepreneurship and creating sustainable employment opportunities.
The Special Adviser to the President on Public Communications and Media, Sunday Dare, made this disclosure in a series of tweets on his official X (formerly Twitter) account, where he unveiled the “Tinubu Reforms Tracker” (TRT).
According to Dare, the government’s interventions include N50 billion Discounted Credit Facility for MSMEs implemented by Access Bank.
This scheme has provided affordable credit to MSMEs, enabling them to expand operations and increase productivity.
There was N150,000 Instant Grants for MSMEs during the National MSME Clinics, three outstanding MSMEs received instant grants of N150,000 each to support their growth and innovation.
Also, the government rewarded exceptional MSMEs with cars and houses during the 2024 MSME Awards, recognizing their contributions to economic development.
The N75 billion Single-Digit MSME Loan Scheme, managed by the Bank of Industry (BoI) offers loans at single-digit interest rates to boost the capital base of MSMEs across various sectors.
