Lagos releases ₦5bn intervention fund for MSMEs
The Lagos State Government has released ₦5 billion to support small businesses under its flagship MSME financing programme, LASMECO, as part of efforts to expand access to funding for entrepreneurs and cooperative-based enterprises across the state.
Minister lists FG efforts at promoting MSMEs growth
The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, says the Federal Government has embarked on the development of a draft national policy on Micro, Small and Medium Enterprises (MSMEs). Adebayo, in a statement by his Special Adviser (Media) Ifedayo Sayo, on Thursday in Abuja, said the policy was among steps taken by the […]
Firm set to bridge financial, digital gap in MSMEs
By Providence Adeyinka A firm, Excite Enterprise, a digital business development and enterprise solutions provider, intends to debut in the Nigerian market with various simplified innovations, designed to lead Micro, Small, and Medium Enterprises, MSMEs, on the pathway to success and sustainability. Excite Enterprise delivers digital solutions geared towards the automation, promotion, and day-to-day management […]
FG changes MSMEs survival fund portal from Nov 1
The Federal Government says it will effect a change in Micro, Small and Medium Enterprises (MSMEs) Survival Fund and Guaranteed off-take Stimulus Scheme site from Nov.1 due to operational challenges. Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment and Chairperson of the Steering Committee of National MSMEs Survival Fund and Guaranteed off-take […]
FG warns applicants not to pay facilitation fee for MSMEs grant
The Federal Government says applicants will not pay any ‘facilitation fee’ to access its intervention grant for Micro, Small and Medium Enterprises (MSMEs), and cautions unsuspecting applicants against fraudsters. Mrs Mariam Katagum, the Minister of State for Industry, Trade and Investment, stated this at a news conference on the implementation process of the Survival Fund in […]
CAMA Act will allow banks lend more funds to MSMEs — experts
The newly signed Companies and Allied Matters Act (CAMA) 2020, if well implemented will enhance borrowings to the Micro, Small and Medium Enterprises (MSMEs) by financial institutions. Some stakeholders in the financial industry gave the submission at the 10th webinar series by DCSL Corporate Services Limited in Lagos. The News Agency of Nigeria (NAN) reports […]
