The federal government on Tuesday, launched one of Nigeria’s largest ultramodern fashion manufacturing hubs in Maiduguri, the Borno State capital with a target of generating over 48,000 jobs through the facility in the state. In continuation of the disbursement of its N75 billion support package for Micro, Small and Medium Enterprises (MSMEs), the government at the centre also announced unconditional grants of N300,000 for outstanding MSMEs participating in the 6th Expanded National MSME Clinics programme. Speaking while launching the fashion hub and the Expanded MSMEs Clinic in Maiduguri, Vice President Kashim Shettima, according to a release issued by his Media Assistant, Stanley Nkwocha, restated the commitment of the administration of President Bola Tinubu to fostering innovation, upskilling the workforce, and ensuring equitable wealth distribution across the nation.
According to him: “The strength of any nation lies not in its natural resources but in the hands of its skilled and enterprising citizens. You are the surest means of distributing wealth equitably across the land. You are the crucial link to securing a prosperous future”.
The N75 billion MSME Intervention Fund is being administered through the Bank of Industry, offering loans up to N1 million at 9% interest to 75,000 businesses nationwide. Announcing the N300,000 grant for each business owner, Shettima said, “I am pleased to announce on behalf of His Excellency, President Bola Tinubu, that an uncondit.
