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Atiku to increase MSME funding window to N500bn

Atiku to increase MSME funding window to N500bn

Nigerian opposition candidate Atiku Abubakar will increase Micro, Small and Medium Enterprises (MSME) funding window to N500 billion from N200 billion previously held if he becomes president next year, according to a draft copy of his manifesto.

He plans to promote awareness of the National Collateral Registry of Nigeria and further simplify the collateral registration process in country where starting a business is increasingly becoming difficult.

READ ALSO: Atiku to handover funding of schools, varsities to LG, state govts

The presidential candidate of the Peoples Democratic Party says he will remove infrastructure bottlenecks crimping the growth of businesses.

MSMEs and SMPS (Small and Medium Practitioners) will be given special fiscal advantages including tax breaks and rebates to accelerate business formalization.