FG to fast-track access to single-digit loans for MSMEs

Vice President Kashim Shettima says the federal government will ensure quick access to single-digit loans for Nigerian small businesses.

The vice president made this pledge on Tuesday in a message to mark the 2023 World Micro Small and Medium Enterprises (MSME) Day.

He said the federal government was aware of the impact of fuel subsidy removal on MSMEs and was working towards addressing it.

“On this World MSME Day, the government of President Tinubu recognises the vital role that MSMEs play in driving economic growth, creating jobs, and promoting innovation.

“We remain committed to providing support, fostering an enabling environment, and improving access to finance for MSMEs, especially in these unprecedented times.

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“We urge all stakeholders to come together to champion the growth and success of MSMEs to achieve sustainable development for all.

“We also recognise the plethora of issues that face MSMEs as a result of the subsidy removal.

“However, the government is working urgently to ensure quick access to single-digit loans for Nigerian small businesses within the shortest time possible.

“Please note that the president is your partner and here to make life easier for your businesses.

“Happy MSMES Day,” he said.

(NAN)

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FG to fast-track access to single-digit loans for MSMEs — Shettima

READ ALSO: Osinbajo unveils multi-million naira garment facility in Imo

Support PREMIUM TIMES’ journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.