Home Topics MSMEs

MSMEs

Survival Fund: Over 40,000 apply in 24 hours as portal opens

No fewer than 40,000 people have applied to benefit from the N75 billion Micro, Small and Medium Enterprises (MSME) survival funds initiated by the federal government.
It said the chair of the Committee is the Minister of State, Trade and investment, Mariam Katagum, while the Vice Chair is the chairman of First Bank, Ibukun Awosika.

Nigerian government receives 38,000 applications for N75 billion MSME survival funds – minister

Minister of State for Industry, Trade and Investment, Mrs Mariam Katagum, says government had received 38,000 applications for the N75 billion Micro, Small and Medium Enterprises (MSME) survival funds.
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.4

Survival Fund: Nigerian government releases registration schedule as portal opens Monday

As the portal for the registration of prospective beneficiaries for the Survival Fund opens on Monday, the Federal Government has released the timetable for categories of businesses to register.
Vice President Yemi Osinbajo on Thursday presided over a virtual meeting of the National Economic Council (NEC) at the Presidential Villa, Abuja.

VP Osinbajo: Why we’re supporting small businesses with survival fund

Vice President Yemi Osinbajo has explained that the Federal Government is investing in the small businesses sector to sustain the national economy.
Vice President Yemi Osinbajo.

VP Osinbajo unveils Eko MSMEs fashion hub-1

Vice President Yemi Osinbajo will virtually unveil the Eko Micro, Small and Medium Enterprises (MSMEs) Fashion Hub-1 on Friday in Ikeja, Lagos.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank trains beneficiaries on certification for export potential

The Lagos State Agro-Processing, Productivity Enhancement and Livelihood Support (APPEALS) project of the World Bank and the Federal Government on Monday trained its beneficiaries on certification and regulations.

Dikko Radda: SMEDAN does not disburse loans, grants

The Director General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda, has dispelled media reports and announcements by some individuals and organizations stating that the Agency is responsible for disbursing the Agric Business/Small and Medium Enterprises Investments Scheme (AGSMEIS) loans to existing and prospective entrepreneurs.

ACCI demands economic policy review, increase private sector partnership

The Abuja Chamber of Commerce and Industry (ACCI), has urged the Federal Government to adjust its policy on business and financial support for private sector during the COVID-19 pandemic to enhance the economy.
Prof. Muhammed Mustapha Akanbi (SAN) of the Faculty of Law, University of Ilorin, has been appointed the Vice-Chancellor, Kwara State University, Malete.

Professor Akanbi: Graduating with first class without job enabling skills makes no sense

Vice Chancellor of Kwara State University, KWASU, Malete, Professor Muhammed Mustapha Akanbi, has said it does not make any sense for Universities to graduate first class students without job enabling skills.
It said the chair of the Committee is the Minister of State, Trade and investment, Mariam Katagum, while the Vice Chair is the chairman of First Bank, Ibukun Awosika.

Nigerian government rolls out support schemes for MSMEs

The federal government has rolled out schemes to support Micro, Small and Medium Enterprises (MSMEs) in the country.
Vice President Yemi Osinbajo.

Nigerian government will use part of N2.3 trillion ESP stimulus as buyer of last...

The Federal Government will use part of the N2.3 trillion stimulus package to purchase locally produced items as buyer of last resort in line with its Economic Sustainability Plan, according to Vice President Yemi Osinbajo, SAN.
Lagos State Governor, Mr Babajide Sanwo-Olu has appointed Dr. Emanuella Zamba as the new Acting General Manager for Lagos State Health Management Agency LASHMA.

Lagos governor approves N1 billion seed capital for hospitality business

Lagos State Governor Babajide Sanwo-Olu has approved N1billion seed capital for investment in tourism as a loan. Sanwo-Olu announced the approval on Wednesday, at the 6th Lagos Corporate Assembly, held at the Banquet Hall in the State House, Alausa, Ikeja.
The new minister of State for Budget and National Planning, Clement Agba, has charged staff of the ministry to work harder and smart to realize the Next Level agenda of the federal government.

Nigerian government’s stimulus package will avert deep economic recession – minister

Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, has stated that the provision of stimulus package by the Federal Government will go a long way in preventing the country from plunging into deep economic recession.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB Group supports Ghana’s coronavirus response plan with $69 million grant

The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation.
Senator representing Kaduna Central zone, Malam Uba Sani, has flagged-off distribution of palliatives to two million households in the seven local government areas that makeup his constituency.

Senator Sani: New banking, financial bill long overdue

Senator Uba Sani representing Kaduna Central, in the upper chamber, stated that he is elated by the passage of his Bill for an Act to Repeal the Banks and Other Financial Institutions Act 2004.
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) on Tuesday called for appointment of compliance officers in government agencies to ensure stability and adoption of best governance practices.

ICSAN wants chartered secretaries as compliance officers in MDAs

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) on Tuesday called for appointment of compliance officers in government agencies to ensure stability and adoption of best governance practices.
Vice President Yemi Osinbajo on Tuesday at the Presidential Villa, Abuja met with Senate President, Ahmed Lawan and Speaker, House of Representatives, Femi Gbajabiamila, over the proposed increase in electricity tariff.

VP Osinbajo: President Buhari’s financial support for MSMEs very robust

As part of efforts to support small businesses in Nigeria to survive the effects of the COVID-19 pandemic, the Federal Government as planned in the Economic Sustainability Plan is now set to implement a number of schemes to keep MSMEs afloat, according to Vice President Yemi Osinbajo, SAN.

DBN: Credit Gurantee a tool for increased access to finance for MSMEs

Current realities in Nigeria including the Covid19 Pandemic has brought to light the urgent need for additional support in alleviating the financial constraints faced by MSMEs.

Recent Stories

More than 20 countries have called on China to halt its mass detention of ethnic minority Uighurs in the country's Xinjiang region in the first such joint move on the issue at the United Nations' Human Rights Council, according to diplomats and a letter seen by Reuters news agency.

China running hundreds of detention centres in Xinjiang – researchers

China is running hundreds of detention centres in northwest Xinjiang across a network that is much bigger than previously thought, according to research presented Thursday by an Australian think tank.
Leicester City boss Brendan Rodgers says there will be more pressure on Manchester United in Sunday’s crunch clash at the King Power Stadium as they “need” rather than want to be in the Champions League.

Brendan Rodgers happy with Kelechi Iheanacho, others despite losing to Arsenal

Leicester City boss Brendan Rodgers says he’s impressed with the effort of Kelechi Iheanacho and other players who featured against Arsenal on Wednesday.
Bayern Munich midfielder Javi Martinez is willing to take a pay cut to re-join Athletic Club Bilbao this month but negotiations have stalled, as per Marca.

Bayern star ready to accept pay cut for La Liga return

Bayern Munich midfielder Javi Martinez is willing to take a pay cut to re-join Athletic Club Bilbao this month but negotiations have stalled, as per Marca.
AKRON, OH - AUGUST 02: Tiger Woods reacts after making birdie on the 18th green during World Golf Championships-Bridgestone Invitational - Round One at Firestone Country Club South Course on August 2, 2018 in Akron, Ohio. Sam Greenwood/Getty Images/AFP

Tiger Woods to defend Zozo Championship title next month

Tiger Woods will defend his Zozo Championship title next month at Sherwood Country Club in California, the PGA Tour said on Wednesday.

Man in court over alleged N770,000 fraud

A 26-year-old man, Ahmed Ibrahim, on Thursday appeared before an Ikeja Magistrates’ Court, for alleged N770,000 fraud.