Federal Government and MSME Partners Join Forces to Create 1.3 Million Jobs – Here's How You Can Benefit
Thursday 14 September 2023
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In a groundbreaking move towards job creation and economic improvement, the Federal Government of Nigeria has teamed up with a consortium of MSME-focused partners to launch an ambitious intervention program set to benefit 1.3 million Micro, Small, and Medium Enterprises (MSMEs) across 17 states and the Federal Capital Territory (FCT). This initiative, designed to supercharge the economy and fulfill the commitment of the Tinubu administration to job creation and economic diversification, brings forth numerous opportunities for individuals and businesses alike.
The Nature of Intervention:
The program's core focus will span 17 states and the FCT, encompassing markets with a reliable power supply, among other essential provisions. Specifically, the interventions will include the establishment of Shared Centres for MSMEs, featuring 300kva Solar Panels and Mini-grids to deliver up to 8 hours of electricity daily to six Fashion Hubs and two Furniture Clusters. Additionally, there are plans for the development of car painting/drying hubs and cold storage facilities for seafood, among other vital initiatives. CONTINUE READING..............
States Set to Benefit:
The states selected to benefit from these transformative interventions include Abia, Rivers, Jigawa, Benue, Borno, Lagos, Ekiti, Niger, Sokoto, Enugu, Gombe, Akwa Ibom, Yobe, Ondo, Osun, Bayelsa, Imo, and the Federal Capital Territory (FCT). These regions are poised to experience a substantial boost in economic activity and employment opportunities, providing a platform for you to thrive.
Timely Execution:
The Federal Government has committed to swift action, with plans to complete 12 of these interventions by December 2024. This means that the benefits of job creation and economic growth will be realized in the near future, offering you a chance to seize new opportunities.
Partners in Progress:
A consortium of notable MSME partners will collaborate with the government on this ambitious project. These partners include SMEDAN, NAFDAC, ITF, BOI, SON, NEPC, NEXIM, CAC, FIRS, NITDA, RMRDC, BOA, and more. Their collective expertise and resources will play a pivotal role in realizing the full potential of this initiative, ensuring that you have access to the support and opportunities needed to succeed.CONTINUE READING......
The Federal Government's collaboration with MSME-focused partners to deliver interventions targeted at 1.3 million MSMEs is poised to usher in a new era of economic growth and job creation in Nigeria. As these initiatives take shape across the country, individuals and businesses alike can look forward to increased employment opportunities, improved economic prospects, and a brighter future.
Source: Nairametrics
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