Enugu, SMEDAN work together to provide N1 billion in support for MSMEs, businesses

The governor of Enugu State, Peter Mbah, has announced a partnership between the state government and the Small and Medium Enterprises Development Agency of Nigeria with the aim of providing a N1 billion matching fund to promote large, small, and medium-sized enterprises in the state.

Mbah disclosed this in a message on his verified X (formerly Twitter) handle, @PNMbah.

According to Mbah, who reiterated his administration’s commitment to fostering a thriving SME ecosystem to foster economic growth objectives in the state, the groundbreaking “N1Billion Matching Fund Programme” will empower small and medium-sized businesses in Enugu State and pave the way for their growth and success.

Mbah asserted that the scheme would provide 5,000 MSMEs with Conditional Cash Grants, providing them with the essential financial support they need to thrive and expand their businesses.

He went on to say that among other critical tasks, the connection between Enugu State and SMEDAN includes a number of significant projects like talent development, initiating finance, and the creation of modular industrial estates.

Mbah promised that his administration would continue collaborating with SMEDAN in the pursuit of economic development and progress.

“I’m thrilled to announce our collaboration on a groundbreaking project – a N1 Billion Matching Fund Programme – with the Small and Medium Enterprises Development Agency of Nigeria,” he said.

“This commendable initiative is set to empower Nano, Macro, Small and Medium-sized Enterprises in Enugu State, paving the way for their growth and success.”

We are also launching Conditional Cash Grants for 5,000 MSMEs. These awards are meant to provide MSMEs with the vital financial support they need to thrive.

furthermore, “among other initiatives, our collaboration with SMEDAN encompasses a number of impactful programmes, such as skill acquisition, startup loans, and the development of modular industrial estates.”

But he maintained that Enugu State was committed to creating a prosperous future for its small and medium-sized businesses and the people as a whole.

Governor Mbah commended SMEDAN’s Director General, Charles Odii, for his commitment, foresight, and tenacity in assisting SMEs.

The animated speaker went on, “We also appreciate him taking the time to come to our state on Thursday to formally seal the agreement.” In order to achieve our goal of economic expansion and advancement, we will keep collaborating.