The Micro, Small, and Medium Enterprise (MSME) are estimated to be at over 40 million MSMEs in Nigeria. They contribute more than 50% to the Gross Domestic Product (GDP) with respect to job creation and national development. The scale at which the MSMEs contribute to the growth and development of the economy is quite high, […]
The Federal Government of Nigeria on Monday emphasised its commitment to mitigating the impact of COVID-19 pandemic on the lives of the citizens through its various intervention initiatives & schemes. One of those initiatives is the MSME Survival Fund. In a report by Vanguard, Mr Kayode Pitan, Chairman, Bank of Industry (BoI) spoke at the […]
On the 1st of October 2020, President Buhari launched the Artisan/Transport scheme under the Survival fund program. 333,000 artisans and transport businesses will be provided with 30 thousand Naira Grant each to reduce the effect of income loss during a pandemic. Punch reports, The Federal Government has commenced the disbursement of its Micro, Small and […]
Vanguard reports Lagos State House of Assembly has called on the Governor, Babajide Sanwo-Olu to create Micro, Small, and Medium Enterprises, MSMEs, hubs in the three senatorial districts in the state. The call was part of the Motion entitled; “Call on the State Government to Establish Micro, Small and Medium Enterprises MSMEs, Commercial Hubs In […]
Recently, SMEDAN launched a mass registration program for MSMEs nationwide. The aim is to provide support to small and medium scale enterprises within the country. It is expected to provide SMEDAN with a comprehensive list of MSMEs to ensure that it carries out its functions effectively. Asides helping the body achieve its aims, MSMEs also […]
The National Information Technology Development Agency has kick-started a job and wealth creation programme where 130 farmers will each receive seed funding of N100,000. The programme will be supervised by the Federal Ministry of Communication and Digital Economy. According to a statement from the agency, the National Adopted Village for Smart Agriculture (NAVSA) programme is […]
Vice President Yemi Osinbajo, Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum will alongside other stakeholders discuss the opportunities and challenges of the Covid-19 on micro, small and medium scale enterprises (MSMEs) in the country. The conversation slated for June 30, 2020, is part of activities to commemorate this year’s World MSME […]
Muyiwa Mogaji Small business owners are often faced with what to do when it comes to regulatory matters, especially on issues like tax remittances, obtaining licences and permits, and preparing CAC’s annual returns. It is most advisable to engage professionals when dealing with these matters. However, having substantial knowledge about these issues will also go […]
