Senator Kazeem Shettima, the Vice President of Nigeria, on Tuesday, launched the Expanded National MSME Clinic in Makurdi, marking the first stop on a nationwide journey to empower small and medium sized businesses. He also hinted that the hub will be ready in 90 days’ time.
The Vice President, who commended the pioneering spirit of Benue State, noted that it has set the stage for a transformative MSME Clinic.
In a presidential statement, Shettima addressed the stakeholders the Ibrahim Badamosi Babangida (IBB) Square in Makurdi.
The VP stressed Tinubu’s commitment to resolving the bottlenecks affecting the MSME space in Nigeria.
His words.
“This hub will be ready in 90 days. We are glad that the pioneering spirit of Benue State has set the stage for a trans formative MSME Clinic train,” he said. The clinic is aimed at empowering micro, small, and medium enterprises (MSMEs) by breaking down barriers and providing crucial resources. Benue’s pioneership of the clinic set the stage for a nationwide rollout scheduled to traverse Ebonyi, Ogun, Delta, Kaduna, Borno, Katsina and the Federal Capital Territory (FCT) in a meticulously planned itinerary for the first half of 2024.
He noted that the N75 billion loan scheme, from the Bank of Industry (BOI) and Access Bank’s discounted N50billion fund offer was already in place as crucial financial support for entrepreneurs.
“We currently have in place a N75 billion 9 per cent single-digit loan from BOI. “Additionally, Access Bank has made N50 billions of their fund available to MSMEs at a dis counted rate of 15 per cent which could significantly increase based on loan performance.
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