• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Beneficiaries Applaud Federal Govt’s MSMEs Scheme

by Nnamdi Mbawike
9 months ago
in Business
msme
Share on WhatsAppShare on FacebookShare on XTelegram

Beneficiaries of Micro, Small and Medium Enterprises (MSMEs) grants and loans provided by the President Bola Tinubu-led administration have declared that the scheme is not a fraud.

Advertisement

Those who got the Presidential Nano-business grant of N50,000 noted that the scheme “is never a scam but real, with seamless protocol that made the grant access easy.

They disclosed this during a townhall meeting on Presidential Grants and Loans Scheme for MSMEs in Enugu.

A livestock farmer from Udi local government area, Mr Uchenna Eneh, said that he invested the free N50,000 grant he collected through the Presidential Grant on expanding his livestock business and “God really blessed me with the grant.

“I used the money to buy two hybrid piglets and their feeds about some months ago.

RELATED

Nigeria’s Capital Import Nosedives, Drops 51% In Q4

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

6 hours ago
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

6 hours ago

“Just last week, one of the piglets gave birth to four piglets while the other’s pregnancy has reached an advanced stage and getting ready to deliver as well. So, I must say that the grant helped me a lot and I can envisage what to use it for and its benefits to my business today,” Eneh said.

A businessman dealing on provisions in Aninri local government area, Mr Chikezie Igwe, said that the presidential grants had enabled his business to survive the harsh economy as the whole money went into his business directly.

“The money was like God-sent as it assisted me greatly to continue in business even when the cost of restocking my provision items went up at a time before the money came,” Igwe said.

A sachet water producer in Awgu local government area, Mr Julius Azi, said that the grant given to him was used to meet production needs of his factory.

Azi noted that at a time, “the production cost for sachet water skyrocketed but with the grant coming timely, we are able to stay in business till today.”

A printer and trader on yam tubers from Ukehe community in Igbo Etiti local government area, Mr Ifeanyi Obah, disclosed that he invested the money in expanding his yam tuber sales business.

“I used it to invest in my yam sales business. I buy from Benue State and sell in Enugu here and since getting the grant, the business has been growing steadily,” Obah said.

Earlier, the Bank of Industry (BOI) manager in Enugu State, Mrs Anulika Akabogu, said that the federal government through the Presidential Grants and Loans Schemes had set up a ₦75 billion intervention loan for MSMEs.

According to Akabogu, the intervention loan is aimed at assisting the cost of production of 75,000 MSMEs in Nigeria.

She said beneficiaries would get ₦1 million loan to enable them to boost their businesses, adding that those operating sole proprietorship, partnership and limited liability company are qualified for the intervention.

“The loan has nine per cent interest rate per annum and a maximum of three years, including three months moratorium on principal and interest.

“Any business seeking the intervention loan must be registered with the Corporate Affairs Commission of Nigeria,” she stated.

Special adviser to the Enugu State governor on Small and Medium Enterprises (MSEs), Mr Arinze Chilo-Offiah, commended the federal government for setting up the intervention grants and loans.

Chilo-Offiah described the grants and loans as a huge relief to business owners and enterprises due to the high cost of operating a business in Nigeria.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Sultan To Honour Govs, Others At 18th Anniversary

Next Post

EFCC Decries Youths Engagement In Cybercrime

Nnamdi Mbawike

Nnamdi Mbawike

You May Like

Nigeria’s Capital Import Nosedives, Drops 51% In Q4
Business

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

2025/08/06
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills
Business

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

2025/08/06
Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt
Business

FG Pledges To Strengthen Trade Ties With US

2025/08/06
Equities Market Rebounds By N95bn Gain
Business

Equities Market Extends Winning Streak, Gains N458bn

2025/08/06
Non-Resident Registration Pushes BVN Enrollments to 66.2m In July
Business

Non-Resident Registration Pushes BVN Enrollments to 66.2m In July

2025/08/06
First Holdco to Sell RC Investment Stake
Business

First Holdco to Sell RC Investment Stake

2025/08/06
Leadership Conference advertisement

LATEST

Striking Lecturers Halt Activities At LAUTECH Medical School

Edo Gov Suspends NURTW, RTEAN Activities Over Alleged Extortion

Philanthropist Gives N10,000 Grant To 600 Kogi Residents

Kano Commissioner Resigns Over Drug Suspect’s Bail Controversy

Daily Times Mourns Ex-Editorial Board Member Doyin Abiola

JUST-IN: Late MKO Abiola’s Wife Doyin Dies At 82

BBNaija10: Team Meta Force Wins Carex Task

NCAA Suspends 2 ValueJet Pilots Over Safety Breach At Abuja Airport

Nigerian Journalists Make Case For QNET After Malaysia Visit

Lagos Excise Command Adopts Digitisation To Ensure Real-time Transaction

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.