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The Federal Government has entrusted the Bank of Industry (BOI) with the role of serving as the executing agency for a substantial N200 billion fund, designed to bolster businesses across Nigeria. This initiative, spearheaded by the Federal Ministry of Industry, Trade, and Investment (FMITI), comprises three distinct funds: the Presidential Conditional Grant Scheme (PCGS), the […]

Commercial banks in Nigeria have initiated the process of recovering loans distributed under the COVID-19 relief program, which aimed to support households and Micro, Small and Medium Enterprises (MSMEs) impacted by the pandemic. While this process is underway, reports have emerged of some beneficiaries experiencing unexpected deductions from their accounts without prior notification from the […]

Lagos State Governor, Babajide Sanwo-Olu has called for the support of local and international investors to partner MSMEs and scale up products and services in order to break into AFCFTA and global market. He said with the collaboration, there will be a reasonable return on investment for small businesses in Lagos and Nigeria. Speaking at […]

Governor Babajide Sanwo-Olu has challenged Small and Medium Scale Enterprises (MSMEs) to leverage the opportunities presented by the nation’s economic challenges to grow their businesses and contribute to the nation’s Gross Domestic Product (GDP). Speaking at the opening ceremony of the eighth Lagos MSMEs Exclusive Trade Fair, Governor Sanwo-Olu, represented by Deputy Governor Dr. Obafemi […]

In a bid to mitigate the economic strain imposed by the removal of fuel subsidies, the Federal Government has announced the imminent commencement of financial assistance under its Presidential Palliative Programme. This initiative aims to provide much-needed relief to vulnerable households and businesses across the country. A statement issued by the Minister for Industry, Trade […]