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We’ll eliminate bottlenecks affecting MSMEs – Shettima

Vice President Kashim Shettima has stated that his principal, President Tinubu, is committed to resolving the bottlenecks affecting the MSME space in Nigeria. Speaking during…

Vice President Kashim Shettima has stated that his principal, President Tinubu, is committed to resolving the bottlenecks affecting the MSME space in Nigeria.

Speaking during the launch of the Expanded National MSME Clinic in Makurdi, Benue State, yesterday, Shettima said the government will persist until identified issues are resolved.

The VP noted that the N75 billion loan scheme from Bank of Industry (BOI) and Access Bank’s discounted N50 billion fund offer is already in place as crucial financial support for entrepreneurs.

“Additionally, Access Bank has made N50bn of their fund available to MSMEs at a discounted rate of 15 percent, which could significantly increase based on loan performance,” he said.

A statement by his Senior Special Assistant to on Media & Communications, Stanley Nkwocha, stated that the MSME Clinic, the first of its kind under the President Bola Ahmed Tinubu administration, aims to empower micro, small, and medium enterprises (MSMEs) by breaking down barriers and providing crucial resources.

He added that Benue’s pioneer of the MSME Clinic sets the stage for a nationwide rollout scheduled to traverse Ebonyi, Ogun, Delta, Kaduna, Borno, Katsina States and the Federal Capital Territory (FCT) in a meticulously planned itinerary for the first half of 2024.

 

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