By Williams Babalola
The Federal Government has approved the sum of $20 million for young innovators and Small and Medium Enterprises (SMEs) in the technology sector.
Vice President Yemi Osibanjo disclosed this during a meeting he presided over at the Presidential Villa, Abuja.
The meeting was held for the purpose of reviewing the progress on President Muhammadu Buhari-led administration’s efforts to support Micro, Small and Medium Enterprises (MSMEs).
In the same vein, the Central Bank of Nigeria (CBN) has also announced its offering of N90 billion soft loan facility for small scale agricultural enterprises. This was also one of the outcomes of the meeting, which was attended by all Federal Government agencies playing different roles in the MSMEs sector.
According to the statement issued by the spokesperson to the Vice President, Laolu Akande, the loans approved were part of the Federal Government’s efforts aimed at supporting MSMEs across the country which he assured that the support would continue.
Akande went on to disclose that the National MSMEs clinics, driven by the Vice President, have now reached 26 States, with more Clinics to come in the series.