• Saturday, June 22, 2024
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Tinubu approves N150,000 grant for each MSMEs clinics participants

Tinubu approves N150,000 grant for each MSMEs clinics participants

President Bola Tinubu has directed the disbursement of N150,000 grant to each participant of the Expanded National Micro, Small and Medium Enterprises (MSMEs) Clinic.

Vice President Kashim Shettima disclosed this on Thursday while declaring open the third edition of the MSMEs Clinic at the Trade Fair Complex, Old Iyin Road, Ado Ekiti, Ekiti state

The News Agency of Nigeria (NAN) reports that the expanded National MSME Clinics is one of federal government’s strategies for ease of doing business in Nigeria.

It is a series of business forum organised in different cities across the country to proffer on-the-spot solutions to challenges confronting MSMEs.

The first and second editions of the clinics were launched in Benue and Ogun states respectively earlier in the year.

The Vice-President explained that the N150,000 was an outright grant that does not require beneficiaries to repay.

” 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 N150,000 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,” he said.

Shettima disclosed that the same clinics would be launched in Borno and Enugu States ” before culminating in the National MSME Awards in FCT on June 27, to commemorate the United Nations World MSME Day.

He noted that small businesses “are the lifelines of communities across the nation and a strong pillar of stability during this critical phase of our economic transition”.

” We cannot claim to have excelled in our interventions unless they remain our top priority. Our commitment to revitalising the MSME sector ensures that these businesses continue to serve their essential buffering function,” he explained.

The News Agency of Nigeria (NAN) reports earlier on his arrival in the state, Shettima, who was received by Gov. Biodun Oyebanji and other top government officials, commissioned the Ekiti State Ultra-Modern Fashion and Garment Hub at Odua Textile Complex, Basiri, Ado Ekiti.