Borno outstanding entrepreneurs to get N300,000 grants
President Bola Tinubu on Tuesday, announced an unconditional grant of N300,000 to outstanding entrepreneurs participating in the 6th Expanded National MSME Clinics and Fashion Hub in Borno State.
Speaking on behalf of the President at the opening of the event at the Government House in Maiduguri, Vice President Kashim Shetima said the grant will serve as a support to their businesses
“I am pleased to announce on behalf of His Excellency, President Bola Ahmed Tinubu, that an unconditional grant of N300,000 will be awarded to each outstanding MSME exhibiting at today’s clinic,” Shetima stated.
The Vice President further explained that the Borno State Centre is part of the ongoing national initiative to establish Expanded National MSME Clinics across the country.
He assured all that the grants are non-repayable, reflecting the Federal Government’s commitment to supporting the success and sustainability of small businesses in the region.
Shettima also highlighted the newly inaugurated Borno State Fashion Hub, which he said has the capacity to create up to 48,000 jobs annually, describing it as a significant step towards enhancing the MSME ecosystem in the state, particularly in the fashion industry.
“This hub is among the largest ever established by the Federal Government, equipped with state-of-the-art facilities to support the fashion manufacturing cluster in Borno State,” he noted
In his remark, the Governor of Borno State, Babagana Zulum, said his administration has adopted an inclusive approach to support small and medium-scale businesses, recognising it as essential to strengthening resilience amid the challenges faced by MSMEs.
Zulum acknowledged that MSMEs in Borno have faced severe hardships due to the prolonged insurgency and the broader economic challenges in the country.
“The MSME Clinic will revitalise business activities in Borno State, create employment opportunities, and increase income sources for our people.
“Our government is committed to providing more opportunities for our people to expand their income sources,” he said
Zulum also outlined several initiatives by his administration, including the disbursement of soft loans to empower entrepreneurs, the construction of modern markets, the establishment of vocational training institutions, and the renovation of skill acquisition centres damaged during the insurgency.
He urged entrepreneurs and business owners to fully utilise the resources provided by the MSME Clinic to grow their businesses, enhance their skills, and explore new opportunities
