MSMEs – InfoStride News

Nigeria Seeks Fresh $500m World Bank Loan to Boost MSMEs

Temitope Nlewemchi — Mon, 10 Nov 2025 15:11:08 +0000

The Federal Government is in talks with the World Bank to secure a fresh $500 million loan aimed at supporting the growth of Micro, Small, and Medium Enterprises (MSMEs) across the country. The facility, government officials say, is part of efforts to strengthen Nigeria’s economic base, drive job creation, and enhance productivity in critical non-oil [...]

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UBA Set to Empower MSMEs with New Initiative

Temitope Nlewemchi — Thu, 21 Nov 2024 10:31:15 +0000

United Bank for Africa (UBA) has announced a new initiative aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. The initiative, which is part of the bank’s ongoing commitment to supporting the growth of local businesses, seeks to provide MSMEs with the financial tools, resources, and training necessary to thrive in an increasingly [...]

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RoutePay and 9PSP Advocate for Digital Financial Solutions Adoption Among MSMEs

Temitope Nlewemchi — Wed, 30 Oct 2024 15:41:16 +0000

RoutePay, a leading digital payment platform, in collaboration with 9PSP, a prominent financial technology provider, has launched a campaign to encourage Micro, Small, and Medium Enterprises (MSMEs) in Nigeria to adopt digital financial solutions. This initiative aims to empower MSMEs by providing them with the necessary tools to enhance their financial operations, improve efficiency, and [...]

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Summit Targets Boost in MSME Access to Microinsurance

Temitope Nlewemchi — Sun, 27 Oct 2024 11:44:38 +0000

Aiming to expand financial inclusion and risk protection for Micro, Small, and Medium Enterprises (MSMEs), an upcoming summit will focus on improving MSMEs’ access to microinsurance. Organized by industry stakeholders and policymakers, the event will address barriers that prevent small businesses from accessing affordable insurance solutions and discuss innovative models tailored to meet their specific [...]

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Ogun woos MSMEs to leverage business initiatives

Temitope Nlewemchi — Fri, 28 Jun 2024 08:49:02 +0000

Micro, Small and Medium Enterprise owners in Ogun State were on Thursday wooed to leverage the initiatives of the Dapo Abiodun-led government including improved access to financing and a land acquisition scheme. The Ogun State Commissioner for Industry, Trade and Investment, Adebola Sofela, appealed to business owners at a hybrid stakeholder meeting held in Oke-Mosan, [...]

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UBA and African Guarantee Fund Join Forces in Groundbreaking $100 Million Collaboration to Empower SMEs

Temitope Nlewemchi — Tue, 12 Mar 2024 16:17:56 +0000

In a strategic move aimed at fostering economic growth and supporting small and medium-sized enterprises (SMEs), the United Bank for Africa (UBA) has entered into a collaborative partnership with the African Guarantee Fund (AGF). This groundbreaking collaboration brings forth a $100 million SME loan program, underscoring the commitment of both entities to empower and uplift [...]

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Federal Government Allocates N200 Billion to Support MSMEs and Manufacturing Sectors for Economic Growth

Temitope Nlewemchi — Wed, 24 Jan 2024 19:45:57 +0000

In a strategic move to bolster economic growth, the Federal Government of Nigeria has allocated N200 billion to support Micro, Small, and Medium Enterprises (MSMEs) and the manufacturing sector. This significant financial commitment aims to stimulate economic activities, promote job creation, and enhance the overall resilience of these critical sectors. The allocation of N200 billion [...]

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Federal Government Set to Launch Intervention Program for MSMEs and Large Businesses

Temitope Nlewemchi — Tue, 23 Jan 2024 13:36:26 +0000

In a move to support economic recovery and business sustainability, the Federal Government has announced plans to launch an intervention program specifically designed for Micro, Small, and Medium Enterprises (MSMEs) as well as large businesses. This initiative underscores the government’s commitment to providing targeted support to businesses of varying scales, fostering growth, and mitigating the [...]

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Nigerian Association of Small and Medium Enterprises Pledges N2 Billion Empowerment Boost for MSMEs

Temitope Nlewemchi — Wed, 25 Oct 2023 23:06:54 +0000

The Nigerian Association of Small and Medium Enterprises (NASME) is embarking on a groundbreaking initiative to revitalize the Micro, Small, and Medium Enterprises (MSMEs) sector by launching a substantial N2 billion empowerment fund. Dr. Abdulrashid Yerima, the National President of NASME, made this momentous announcement during a recent media briefing held in Abuja. In a [...]

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MSMEs to leverage technology for growth, expansion – Experts

Temitope Nlewemchi — Sat, 13 Nov 2021 21:54:07 +0000

This was made known at a capacity development training for 1000 Micro, Medium and Small Enterprises, (MSMEs) in the Lagos East Senatorial district. The one-day MSME Clinic/Workshop, which was organised in conjunction with The Fate Foundation, had notable people in the MSMEs ecosystem in attendance, which include Managing Director, BoI, Olukayode Pitan; Executive Chairman, Lagos [...]

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FG foresees MSMEs’ contribution to the GDP will hit 70% by 2025

Temitope Nlewemchi — Sat, 13 Nov 2021 21:49:16 +0000

The Federal Government has said its aim is to make sure the Micro, Small and Medium Enterprises (MSMEs) sector accounts for 70 per cent of the Gross Domestic Product (GDP) by 2025. The Director-General, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Dikko Radda, disclosed this yesterday, at a stakeholders’ operationalisation of Public-Private Dialogue [...]

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Lack of organization by MDAs slowing down growth of MSMEs, says SMEDAN

Temitope Nlewemchi — Thu, 11 Nov 2021 16:31:50 +0000

The Director-General, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Dikko Radda has cried out that poor coordination by government agencies was impeding the growth of the Micro, Small and Medium Enterprises (MSMEs) in the country. Radda established this at the Train-The-Trainers capacity workshop for the implementation of the new National Policy on MSMEs [...]

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Gov Okezie Ikpeazu Sign MoU On Matching Fund For MSMEs

David Folami — Wed, 08 Jun 2016 07:52:42 +0000

The Abia Government and Bank of Industry (BOI) on Tuesday signed a Memorandum of Understanding (MoU) on the generation of N1billion for Micro, Small and Medium Enterprises (MSMEs) in the state. Gov. Okezie Ikpeazu said at the signing of the MoU in Umuahia on Thuesday, that Abia had over 1,000 artisans producing items being sold [...]

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