FG releases unique initiatives to support 1.3m MSMEs in 17 states, FCT grow their businesses

The federal government plans to carry out a number of MSME-focused interventions, with 1.3 million beneficiaries spread throughout 17 states and the Federal Capital Territory (FCT). This initiative is intended to supplement the federal government’s efforts to boost the economy and create more jobs. The intervention will be coordinated by the Vice President’s Office’s MSME and Job Creation Unit. A glimmer of hope for MSMEs The interventions, according to a release from the Statehouse Abuja, will feature shared centers for MSMEs offering four markets with 300KVA solar panels and mini-grids to give eight hours of electricity each day to six fashion hubs and two furniture clusters.
Other modifications include automobile painting and drying hubs, as well as cool rooms for seafood storage. Vice President Kashim Shettima has directed that the projects be completed as soon as possible. By December 2023, five of the interventions will be completed and delivered. In addition, 12 further interventions are anticipated to be completed by December 2024. Abia, Rivers, Jigawa, Benue, Borno, Lagos, Ekiti, Niger, Sokoto, Enugu, Gombe, Akwa Ibom, Yobe, Ondo, Osun, Bayelsa, and Imo, as well as the FCT, will gain from the intervention.

Who are the collaborators? The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the Corporate Affairs Commission (CAC), the Industrial Training Fund (ITF), and the National Agency for Food, Drug Administration and Control (NAFDAC) are among the MSME partners working with the Vice President’s Office to carry out these interventions. Other organizations include the Standards Organization of Nigeria (SON), the Bank of Industry (BOI), the Nigerian Export-Import Bank (NEXIM), the Development Bank of Nigeria (DBN), the Nigerian Export Promotion Council (NEPC), the Bank of Agriculture (BOA), the Raw Materials Research and Development Council (RMRDC), the Nigerian Information Technology Development Agency (NITDA), and the Federal Inland Revenue Service (FIRS). Meet Seun Sangoleye, a young Nigerian woman who is changing the face of infant food in Africa. Meanwhile, here is the story of Seun Sangoleye, the founder and CEO of Baby Grubz, an infant food company founded in 2013. Her journey from computer science degree to entrepreneur nutritionist began in 2012, when she became a mother for the first time and her son refused to eat retail baby foods. In 2013, she decided to launch Baby Grubz, which has grown into a million-naira business with recognition from respectable organizations such as the African Development Bank Group.