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MSMEs:FG Approves $20m Tech Fund For Young Innovators

The Federal Government, through the Bank of Industry, has approved a 20 million dollars technology fund for young innovators, while the Central Bank of Nigeria (CBN) is offering a N90 billion soft loan facility for small scale agriculture enterprises.

Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this a statement on Tuesday in Abuja.

He said the approval was in furtherance of the President Muhammadu Buhari administration’s drive to support Micro, Small and Medium Enterprises (MSMEs),

“These were some of the outcomes of a meeting at the Presidential Villa, Abuja, which was presided over by Vice President Yemi Osinbajo on Tuesday, to review progress on the Buhari administration’s efforts to support MSMEs.

“It would be recalled that the National MSMEs clinics driven by the vice president has now reached 26 States, with more clinics to come in the series.

“Also, the National Agency for Food and Drug Administration and Control (NAFDAC) is now poised more than ever to register more Nigerians venturing into the food and drug businesses,” he said.

Akande said that all Federal Government agencies playing one role or the other in the MSMEs sector attended the meeting. (NAN)

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