FG disburses N150m to four million MSMEs in five years

Vice President Yemi Osinbajo says the Federal Government has disbursed over N150m to more than four million Micro, Small and Medium-scale Enterprises within the past five years.

1/24/2022 11:54:00 PM

Vice President Yemi Osinbajo says the Federal Government has disbursed over N150m to more than four million Micro, Small and Medium-scale Enterprises within the past five years.

Vice President Yemi Osinbajo says the Federal Government has disbursed over N150m to more than four million Micro, Small and Medium-scale Enterprises within the past five years.

He said the administration, determined to boost economic growth, ramped up its support for the MSME sector, which accounts for close to 50 per cent of Nigeria’s Gross Domestic Product (GDP) and 76 per cent of the country’s labour force.APC Convention: North Central Adopts Mustapha As Chairmanship Candidate

In a statement signed by the Senior Special Assistant to the President on Media & Publicity, Laolu Akande, the VP noted that the success of the BOI Growth Platform was the story of “the Nigerian can-do spirit and the entrepreneurial DNA we carry.”

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. Keep Opp job mom Hhhhh Nigeria very funny Meaning that each of them got N37.50 each? These pipo funny, its now dey want to b releasing dis info wen election is next year, funny crew A leader 🇳🇬 Does he said in naira or in dollars coz their money na dollars dollars e dey be o🤷 Howwwww? 150m in five years is too small wlh

Hmmmm! Very poor. How much has your government collected for feeding alone in a year? Mteeew

Lagos charges MSMEs on capacity-building programmes | The Guardian Nigeria News - Nigeria and World NewsLagos State Government has charged the State Council on Micro, Small and Medium Enterprises (MSMEs) to create and drive programmes that would enhance the capacities of MSMEs to deliver on their mandate. Lagos is well known to have officials that are more movitated to kill small scale business using double taxation, tribalism, extortion, and out right wickedness. So spare us the government propaganda speech sir. Doing business is tough. The population is what keeping many here.

Na big Audio disbursement b this I agree that the government has done its best to support the poor, but the problem is that it does not provide assistance to those who deserve it. Even government no dey fear God now How? As a gift or what? Any records? Audio disbursement

Arewa Forum Condemns Killing Of Five-year-old Kano Schoolgirl By Proprietor | Sahara ReportersThe pupil was kidnapped in December 2021 and her abductors had demanded N6million ransom. Religion bigotry, noesense. I don’t understand “condemn” wtf is that supposed to mean Clown 🤡 forum 😂 it’s too late to be condemning any act of your business now 😁

Aisha Buhari backs capital punishment for killers of five-year-old Hanifa - Punch NewspapersThe most widely read newspaper in Nigeria She did not react when Sylvester was killed. Hypocrite Straight away! Hypocrites

Killer Of Five-year-old Kano Pupil Arraigned In Court | Sahara ReportersAccording to reports, he was arraigned before Senior Magistrate Muhammad Jibril following the role he played in the murder of Hanifa Abubakar, a five-year-old pupil of the school. Anytime I see this picture, I feel so sad. Like what do you gain in killing this innocent child after collecting the ransom. Who ever kills by the sword should die by the sword. In cases like this I support jungle justice Before you know it they will swip it under the carpet They should be sentenced no time

Court Remands School Proprietor, Two Others Over Death Of Five-year-old Kano Pupil | Sahara ReportersOn Monday, the police in Kano arraigned the three suspects before Chief Magistrate Muhammad Jibir for alleged criminal conspiracy, kidnapping, concealing/keeping in confinement a kidnapped person and culpable homicide. See them, horror Especially that proprietor of that school. Those people don't deserve to live on earth again. Good job👍👍👍

Aisha Buhari Seeks Public Execution Of Hanifa's KillerThe First Lady of Nigeria, Aisha Buhari, has backed calls for justice for Hanifa Abubakar, a five-year-old Kano schoolgirl, who was killed and buried in a Sensational If investigated and found guilty of the crime,I believe in what the president wife is stand for..if his offence is heavy for hanging or firing squad or any capital punishment,no need to waste time on it..what can five years old baby do to a proprietor of a school.. wickedness. I supported

Osinbajo stated this while speaking at the Bank of Industry (BOI) Aid for Productivity report launch in Abuja on Monday. He said the administration, determined to boost economic growth, ramped up its support for the MSME sector, which accounts for close to 50 per cent of Nigeria’s Gross Domestic Product (GDP) and 76 per cent of the country’s labour force. APC Convention: North Central Adopts Mustapha As Chairmanship Candidate In a statement signed by the Senior Special Assistant to the President on Media & Publicity, Laolu Akande, the VP noted that the success of the BOI Growth Platform was the story of “the Nigerian can-do spirit and the entrepreneurial DNA we carry.” He said, “Beyond providing interest-free microcredit loans to petty traders, the various social intervention schemes of the Buhari administration have made a significant impact in the lives of millions of ordinary Nigerians. “This is a shining case study of what President Muhammadu Buhari strongly believes: that Nigerians will solve Nigeria’s problems. This is an example of what we can achieve when we unleash the best of our people – especially our young – on the toughest of our challenges, and give them the free hand to deliver results. “ What might also not be obvious is the sheer scale of impact that has been achieved with these programmes, as over four million Micro, Small and Medium Enterprises have been direct beneficiaries of the over N150bn deployed in the past five years.” Osinbajo added that 57 per cent of the MSMEs were owned by Nigerians below 35 years of age, and close to 60 per cent of the beneficiaries were women. “What is even less glaring is that the team of Nigerian professionals behind this work is largely young, with an average age of 28 years old,” he stated. Osinbajo also praised the infrastructure and transparency behind the BOI Growth Platform schemes. He commended the Managing Director of the Bank of Industry, Mr Olukayode Pitan; as well as the BOI Growth Platform team led by its Executive Director, BOI, Toyin Adeniji; with Uzoma Nwagba as its Chief Operating Officer. According to the VP, “they have brought to bear the best of experience and bold thinking, the depths of innovation and youth, and a detailed understanding of the Nigerian spirit, to build an operation and impact that have become a national pride. “The over four million micro, small and medium enterprises impacted till date, and the several more to come, are a direct testament to their hard work.” In his remarks, the BOI Managing Director, Mr Olukayode Pitan, restated the impact of its programmes, noting how programmes such as GEEP have won several local and international awards, including the award at the 2019 African Bankers’ Awards as the most impactful Financial Inclusion program in Africa. Dear Reader, Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world.