The Vice President, Kashim Shettima has announced plans by the Federal Government to urgently ensure access to single digit loans for Nigerian small businesses within the shortest time possible.
The Vice President in a message to mark the 2023 World Micro Small and Medium Enterprises (MSME) Day on Tuesday explained that it was in ‘’recognition of the vital role that MSMEs play in driving economic growth, creating jobs, and promoting innovation.
Remain committed to providing support, fostering an enabling environment, and improving access to finance for MSMEs, especially in these unprecedented times, he encouraged the MSMEs.
The VP in the statement by the Director Information, Office of the Vice President, Olusola Abiola urged all stakeholders to come together to champion the growth and success of MSMEs to achieve sustainable development for all.
Recognizing the many issues that face MSMEs as a result of the subsidy removal, he maintained that the government would do all it could to make life easier for businesses.
The United Nations General Assembly in 2017 designated June 27th as MSME Day. This it to recognize the contributions of MSMEs and raise awareness about the need to support them.
The Day also provides a significant opportunity to raise awareness about the challenges and opportunities facing these businesses.
The 2023 MSME Day marks the 6th anniversary of this General Assembly resolution to recognise businesses.
