President Bola Tinubu has directed the release of N150,000 as a government grant to each of the business owners in the Micro, Small, and Medium Enterprises (MSMEs) category in Ekiti State. Vice President Kashim Shettima made this disclosure yesterday at the launch of the 3rd edition of the Expanded National MSMEs Clinic in Ado Ekiti, the Ekiti State capital. According to a release by Stanley Nkwocha, Shettima’s spokesman, the Vice President explained that the N150,000 was an outright grant that did not require beneficiaries to repay.
“I am pleased to share that Mr President has directed me to ensure that all outstanding exhibiting MSMEs at the Clinic today receive a grant of 150,000 Naira each. This is an outright grant, and the beneficiaries will not need to repay it. We extend our gratitude to our partners for their unwavering support,” he declared.
The Expanded National MSME Clinics was one of the federal government’s strategies for making it easier to do business in Nigeria through a series of business forums organised in different cities across the country to proffer on-the-spot solutions to challenges confronting MSMEs, with the first and second editions launched in Benue and Ogun States respectively earlier this year. Earlier on arrival in Ado-Ekiti, the Vice President who was received by Governor Biodun Oyebanji, his wife and other top government functionaries, commissioned the Ekiti State Ultra-Modern Fashion and Garment Hub at Odua Textile Complex, Basiri, A.
