FG Gives N150k Grant To 200 Exhibitors At 2nd National MSME Clinic

The Federal Government on Tuesday announced a grant of N150,000 cash to 200 exhibitors at the second edition of the national Micro, Small and Medium Enterprises (MSME) Clinic.

The Vice President, Senator Kashim Shettima, made the announcement at the 2nd extended National MSME Clinics, held at Abeokuta, Ogun State capital.

According to Shettima, a grant of N100,000 would also be given to over 200 owners of new stores at the Modern Adire Shared Facility at the Adire International Market, Asero in Abeokuta.

“Each exhibitor present at the clinic today stands to gain from our MSME instant grant of N150,000 each, courtesy of our esteemed private sector and His Excellency, President Bola Ahmed Tinubu.

“I hereby announce that President Bola Ahmed Tinubu has directed that almost 200 new applications within this market be granted free of charge to small business traders for one year and each of them should enjoy a grant of N100,000,” Shettima said.

He stated that the national MSME clinic would serve as a bridge between the people and the government, adding that the clinics would serve as lifelines for enterprises in the state and the country as a whole.

The Vice President said the 2nd phase of the expanded SMSME clinics is a strategic intervention to fortify the foundation of small businesses, which started in Benue State early this year.

“The clinics serve as a link between the people and the government. Small Businesses are now afforded platforms to present their business challenges, and seek timely intervention of monetary agencies all in an attempt to eliminate the task of navigating from one agency to another in their efforts to build the next unicorn out of Africa,” he said.

Also speaking, Governor Dapo Abiodun, said to support the Federal Government in repositioning the nation’s economy, Ogun would offer incentives like conditional grants of N100,000 to 10,000 MSMSE, N500,000 given to 2,000 SMEs, and N50,000 to 5,000 market women in the State.