FG to support MSMEs access credit at single digit | The Guardian Nigeria News - Nigeria and World News

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The Federal Ministry of Industry, Trade and Investment (FMITI) has pledged to support Micro, Small and Medium Enterprises (MSMEs) to access credit at a single digit rate.

The Minister of State for FMITI, Mrs Maryam Katagum, said this on Friday when members of the Nigerian Association of Small and Medium Enterprises visited her in Abuja.

“That is what we always preach and we will give every support to the MSMEs as the engine of economic growth to have access to credits at single digits,’’ Katagum said. “We have to appreciate President Muhammadu Buhari for interventions that were provided for MSMEs during the lockdown. “Average Nigerians appreciated the efforts and we have seen them giving their testimonies and right now we are on the last track which is the guaranteed off-take scheme,’’ the minister said.

“Some when you give them the money, they don’t know what to do with the money so you need to intensify the capacity building and sharing of information to know what is happening and where,’’ she said.

 

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