Over Four Million MSMES Have Benefited From N150b FG Schemes – Osinbajo

  • 📰 channelstv
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Vice President Yemi Osinbajo (SAN) has said that 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.

According to Osinbajo, the government in furtherance of its determination to boost economic growth has also ramped up its support for the Micro, Small and Medium Enterprises sector, which accounts for close to 50% of Nigeria’s GDP and 76% of the country’s labour force.

As the VP stated, “this demographic was far too important to ignore. We had to start solving for them, especially having been left far behind historically,” a reason he noted led to the implementation of intervention schemes through the BOI’s Growth Platform for MSMEs. He narrated: “Jafar Abubakar, who trades in ginger and garlic was one of 5,000 or so traders who had just received ₦10,000 to advance his business in that market. What struck me was what he said about how he was selected to get the credit.

“This is perhaps for me one of the most satisfying things about the way our social intervention schemes are deployed. That there is a platform that can process applications from potential beneficiaries, payout credits or other benefits, maintain auditable records seamlessly. It is those people and infrastructure that make this happen that we are celebrating today,” Prof. Osinbajo noted.

Prof. Osinbajo also praised the infrastructure and transparency behind the BOI Growth Platform schemes. The Vice President also 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So why are u telling me? 🙄🙄🙄

Really all these huge money .. I never c my own oo .. only God knows who re d real benefitors of this schemes..

I like you pass all these talk wey you dey Yan Mr Vice P. Make we just leave this matter for next time Mr. VP

Nigerian problem is worse to the extent that osinbajo knows he's lieing and yet baba still dey disguise 🥸 ...who you give money?

Oga see your mouth like tomatoes wey done spoil.the small businesses that are closing down or which one.oga I know say you be pastor,but I ma tempted to ask if nah God really call you

Government people just dey chop this money. Them go dey count am for the common citizen Wei no benefit at all.

Scammers

What about reasonable implementation of survival fund scheme, uncountable implementations are pending.

And I and my friends has been applying for years now,and we have not received even a dime

At where? Looks like fantasy

God bless u Sir. If it is true

Funny govt

E reach some of us oo

Nonsense press and leaders

May God help us in Nigerian

Oga vice president, WHEN AND HOW

This is not true.

Unemployment is at the roof. I think 3,999,999 persons that benefited from the scheme were fraudsters.

No doubt from you but the system Get worse & horrible; no cause for Proud leadership, no leadership power, no quality, no strategy no agenda (painful)

This is a lie

That your mouth you open to talk nonsense will ever remain nonsense..your next life you will come to poor family.

The Next President of the republic by his Grace!

Lol

One day, someone will reconcile all these figures and put faces behind them. Trader moni, the billions that are shared within minutes and co. Someday

And if we talk now then go ban Twitter,use DSS arrest person,but oga osinbajo on behave of Nigeria citizens we no see any money sir.

I ask again, how , where and when?

You down my spirit, osinba why?

My problem is this guy is always sent to go and speak English 😠

The greatest problem in Nigeria is that there is no database to verify any claim made by govt.

😆

Una don start ehn

In which country

Lori iro

You guys are always talk about sharing money till now we the people haven't seen any money

Fear God

Pls let them mentioned those benefited from it

Hmmm

Na baba them dey always put for front to announce this annoying thing.

Half of this four million are your house hold.

Ok na 😔 😌😌😌

Jesus!! 🧢

Na only statistics dis one sabi😏😏😏

Yeeepa😡😡😡😡😡!!!!!

Na wa

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Osinbajo: FG has disbursed over N150bn to MSMEs in the last five years | TheCableVice-President Yemi Osinbajo says the federal government schemes designed for micro, small and medium enterprises (MSMEs) have deployed N150 billion and impacted over four million businesses in the past five ProfOsinbajo Ah, is it Nigerian or Niger SMEs please cuz we don't see shit. Stop giving magical figures. ProfOsinbajo To who mr VP? I got nothing ProfOsinbajo 150bn. God even your Son who’s Pastor is Part of those killing us. 😢
Source: thecableng - 🏆 2. / 80 Read more »

FG disburses N150m to four million MSMEs in five yearsVice 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. Audio disbursement Even government no dey fear God now How? As a gift or what? Any records?
Source: Daily Trust - 🏆 13. / 51 Read more »

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.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

2023: Buhari Would Decide APC Candidate Between Tinubu, Osinbajo, Others –Presidency Sources | Sahara ReportersConfidants of President Muhammadu Buhari are currently waiting for him to reveal his preferred aspirant among the presidential hopefuls in the ruling All Progressives Congress. Seniorman opoor opoor opoor ✌️ E don red for Tinubu Sahara sharota 😂
Source: SaharaReporters - 🏆 9. / 63 Read more »

Most Nigerians want Osinbajo as President, says support group - Punch NewspapersThe most widely read newspaper in Nigeria Is better None of them is better. All of them are the same. Tinubu should go and rest, he's not fit. Some not most ooo. Recycle ♻️
Source: MobilePunch - 🏆 8. / 63 Read more »

Buhari’s men await President’s position on Osinbajo, Tinubu, othersConfidants of the President, Major General Muhammadu Buhari (retd.), are currently waiting for him to reveal his preferred aspirant among the presidential hopefuls in the ruling All Progressives Congress, Sunday PUNCH has learnt. Tinubu rest. You don’t even pity your health. APC had better present a strong, young at heart and very healthy presidential candidate Ndi ara everywhere wumishipe
Source: MobilePunch - 🏆 8. / 63 Read more »