Access Bank N50 Billion MSME Fund: Vice President Shettima Unveils Plan to Formalize 1 Million Businesses Across Nigeria
Wednesday 10 January 2024
Comment
In a groundbreaking announcement during the launch of the Expanded National MSME Clinic in Makurdi, Benue State, Vice President Kashim Shettima declared the federal government's commitment to formalizing one million businesses across Nigeria at a discounted rate. The initiative, aimed at empowering micro, small, and medium enterprises (MSMEs), is part of a comprehensive strategy to break down barriers and provide crucial resources.
Vice President Shettima emphasized the pivotal role of MSMEs in job creation and economic development, assuring entrepreneurs and stakeholders of the government's dedication to nurturing a thriving MSME ecosystem. "We have everything to guide your ambition," he affirmed. CONTINUE READING.....
Shettima unveiled key financial support measures, including a N75 billion 9% single-digit loan scheme from the Bank of Industry and Access Bank's discounted N50 billion fund offer, which is set to bolster MSMEs at a reduced rate of 15%. The Vice President highlighted the government's resolve to address bottlenecks in the MSME space, ensuring a conducive environment for growth.
In addition to access to discounted loans, the MSME Clinic promises immediate access to working capital, formalization assistance through the Corporate Affairs Commission (CAC), and export guidance from the Nigerian Export Promotion Council (NEPC). CONTINUE READING.....
Advertisment:👇👇👇
Bz Data Sell: Is a Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.
Install our App Bz Data Sell on Play store.
Furthermore, Vice President Shettima disclosed plans to extend the MSME Clinic to Ebonyi, Ogun, Delta, Kaduna, Borno, Katsina States, and the Federal Capital Territory (FCT) in the first half of 2024. Additionally, he revealed President Bola Tinubu's initiative to establish a world-class fashion hub in Makurdi, set to be operational within 90 days.
As the government takes decisive steps to support businesses, the Access Bank N50 Billion MSME Fund stands as a beacon for entrepreneurs, signaling a new era of formalization and economic empowerment across the nation.
Advertisment:
*Bz Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Bz Data Sell* on Play store.👇https://play.google.com/store/apps/details?id=bz.datasell
Join Our Whatsapp Group 👇
Our Facebook Page 👇
Our Android App
Our YouTube Channel 👇
0 Response to "Access Bank N50 Billion MSME Fund: Vice President Shettima Unveils Plan to Formalize 1 Million Businesses Across Nigeria"
Post a Comment
Tell us what you think about this article?