Vice President Kashim Shettima yesterday revealed that President Bola Ahmed Tinubu has directed that Micro, Small and Medium Enterprises (MSMEs) should be supported with a federal government’s grant of N150,000 each.
Shettima disclosed this when he launched the 3rd edition of the Expanded National MSMEs Clinic in Ado Ekiti, the Ekiti State capital.
The Vice President said the N150,000 was an outright grant that does not require beneficiaries to repay.
According to him: “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 150,000 Naira each. 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 Expanded National MSME Clinics is one of the federal government’s strategies for making it easier to do business in Nigeria through a series of business forums organised in different cities across the country to proffer on-the-spot solutions to challenges confronting MSMEs, with the first and second editions launched in Benue and Ogun States respectively earlier this year.
