Vice President KASHIM SHETTIMA has announced the federal government’s plans to formalise one million businesses across Nigeria at a discounted rate. 

Vice President SHETTIMA disclosed the plan when he launched the Expanded National MSME Clinic in Makurdi, the Benue state capital, marking the first stop on a nationwide journey to empower small and medium-sized businesses.

MSME Clinic was designed to empower micro, small, and medium enterprises (MSMEs) by breaking down barriers and providing crucial resources.

Addressing entrepreneurs and stakeholders at the Ibrahim Badamosi Babangida Square in Makurdi, Vice President SHETTIMA emphasised the federal government’s commitment to creating a thriving MSME ecosystem.

He acknowledged the crucial role MSMEs play in job creation and economic development, even as he pledged the government’s unwavering support to empower them.

He also noted that the 75 billion naira loan scheme from the Bank of Industry is already in place as crucial financial support for entrepreneurs.