FG planning urgent introduction of single digit loans for MSMEs – Shettima

By Kazeem Ugbodaga

Vice President, Kashim Shettima on Tuesday said the Federal Government is planning to urgently ensure quick access to single digit loans for Nigerian small businesses within the shortest time possible.

The vice president disclosed this in a message to the 2023 World Micro Small and Medium Enterprises (MSMEs) Day.

Shettima, in series of tweets, said the government of President Bola Tinubu recognised the vital role that MSMEs play in driving economic growth, creating jobs, and promoting innovation.

He said government remained committed to providing support, fostering an enabling environment, and improving access to finance for MSMEs, especially in these unprecedented times.

“On this World MSME Day, the government of President Tinubu recognizes the vital role that Micro, Small and Medium Enterprises (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,” he said.

Shettima urged all stakeholders to come together to champion the growth and success of MSMEs to achieve sustainable development for all.

He said government  also recognised the plethora of issues that faced MSMEs as a result of the subsidy removal, saying, however, that “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 Mr. President is your partner and here to make life easier for your businesses.”