Connect with us

Hi, what are you looking for?


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)

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Share this...FacebookTwitteremailThe Supreme Court has declared as unlawful and unconstitutional the Executive Order 10 (EO10) issued by President Muhammadu Buhari on the funding of...


Share this...FacebookTwitteremailAttorney General of the federation and minister of justice, Mr Abubakar Malami (SAN), has said Abba Kyari, the police officer accused of having...


Share this...FacebookTwitteremail  The 500,000 beneficiaries of N-Power Scheme recently disengaged by Federal Government have urged for absorption into newly introduced government empowerment programmes. The...


Share this...FacebookTwitteremail  The Gwoza Youth Community Watch Forum Youth Forum has urged Federal Government and relevant security agencies to intensify better strategies to end...

Copyright © 2021 The News Hawk. Designed by NINCHI Services Limited.

You cannot copy content of ...sorry about that