FG gives N150,000 grant each to business owners in Enugu

President Bola Ahmed Tinubu has ordered the disbursement of a federal government grant of N150,000 each to business owners in Enugu State.

Vice President Kashim Shettima, revealed Tinubu’s order while commissioning Nigeria’s largest Ultra-Modern Micro, Small and Medium Enterprises (MSMEs) Fashion Hub in Enugu State.

This was made known in a statement by the Senior Special Assistant to the Vice-President on Media and Communications, Stanley Nkwocha, on Thursday, October 3.

The statement reads in part: “Again, respite has come the way of Micro, Small and Medium Enterprises (MSMEs) in Nigeria, with President Bola Ahmed Tinubu directing a disbursement of a federal government grant of N150,000 each to business owners in Enugu State.

“This is just as Vice President Kashim Shettima #officialSKSM has commissioned Nigeria’s largest Ultra-Modern MSME Fashion Hub in Enugu State, saying President Tinubu’s commitment to creating a business environment that provides incentives and opportunities to transform MSMEs into formidable enterprises is unyielding.

Senator Shettima disclosed the disbursement of the federal government grant on Thursday when he also launched the 5th Expanded National MSME Clinic in Enugu State.

“The Expanded National MSME Clinics is one of the federal government’s strategies for ease of doing business in Nigeria through a series of business fora organized across the country to provide on-the-spot solutions to challenges confronting MSMEs, with the first, second, third and fourth editions launched in Benue, Ogun, Ekiti and Jigawa States respectively earlier this year.

“Speaking during the launch of the 5th Expanded National MSME Clinic in the Coal City, the Vice President noted that the N150,000, which is an outright grant that has no requirement for repayment, reflects the commitment of the Tinubu administration to nurturing MSMEs and fostering economic growth in the country.

Distinguished ladies and gentlemen, I am pleased to announce that His Excellency, President Bola Ahmed Tinubu, has mandated a grant of N150,000 each to be awarded to outstanding exhibiting MSMEs at today’s event.

“Let me assure you that this is an outright grant, with no requirement for repayment, reflecting our commitment to nurturing MSMEs and fostering economic growth’, the VP stated.”