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FG Announces Plans To Formalize 1m Businesses At Discounted Rate

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FG Announces Plans To Formalize 1m Businesses At Discounted Rate

  • As national MSME awards holds June 27
  • Tinubu bent on eliminating bottlenecks affecting the MSME space, Says VP Shettima

By: Our Reporter

The federal government has announced plans to formalize one million businesses across Nigeria at a discounted rate.

Vice President Kashim Shettima disclosed this on Tuesday when he launched the Expanded National MSME Clinic in Makurdi, the Benue State capital, marking the first stop on a nationwide journey to empower small and medium-sized businesses.

MSME Clinic, the first of its kind under the President Bola Ahmed Tinubu administration, aims to empower micro, small, and medium enterprises (MSMEs) by breaking down barriers and providing crucial resources.

Benue’s pioneership of the MSME Clinic sets the stage for a nationwide rollout scheduled to traverse Ebonyi, Ogun, Delta, Kaduna, Borno, Katsina States and the Federal Capital Territory (FCT) in a meticulously planned itinerary for the first half of 2024.

This will culminate in the National MSME Awards, a fitting celebration of entrepreneurial spirit coinciding with World MSME Day, on June 27, 2024 in Abuja.

Addressing a mammoth crowd of entrepreneurs and stakeholders at the Ibrahim Badamosi Babangida (IBB) square in Makurdi, VP Shettima emphasised the federal government’s commitment to creating a thriving MSME ecosystem.

He acknowledged the crucial role MSMEs play in job creation and economic development, even as he pledged government’s unwavering support to empower them.

“We have everything to guide your ambition,” Senator Shettima assured while delivering his speech titled, “Benue State: Nurturing Enterprises, Embracing Prosperity.”

Stating that his principal, President Tinubu, is committed to resolving the bottlenecks affecting the MSME space in Nigeria and will persist until these issues are resolved, the VP noted that the N75 billion loan scheme from Bank of Industry (BOI) and Access Bank’s discounted N50 billion fund offer is already in place as crucial financial support for entrepreneurs.

He said, “We currently have in place a N75 billion 9% single-digit loan from BOI. Additionally, Access Bank has made N50 billion of their fund available to MSMEs at a discounted rate of 15%, which could significantly increase based on loan performance. Mr. President is committed to resolving the bottlenecks affecting the MSME space in Nigeria and will persist until these issues are resolved.”

The Vice President hailed the state’s industrious spirit and entrepreneurial drive, describing it as a “beacon of inspiration” for the entire country.

“This clinic isn’t just about fulfilling President Tinubu’s promise,” declared Shettima, adding that “it’s a tribute to Benue’s unmatched work ethic and entrepreneurial drive.”

Lauding the state’s dedication to agriculture, art and commerce, he pointed out that “these stand as a testament to the remarkable productivity ingrained within the core of Benue State.

“Every business owner in Benue, whether in Makurdi or Otukpo, Gboko or Katsina-Ala, is a priority,” he added.

Senator Shettima also announced plans by President Tinubu for a world-class fashion hub in Makurdi, dedicated to the state’s thriving tailoring cluster which, according to him, is set to be operational within 90 days.

“Now, hear another piece of good news from Mr. President: His Excellency, President Bola Ahmed, has unveiled the plan to establish a world-class fashion hub in Makurdi for use by small businesses in the tailoring cluster in the state. This hub will be ready in 90 days,” the Vice President stated.

Earlier in his address, the state Governor, Rev. Fr. Hyacinth Alia, declared that Benue State is open for business, just as he emphasized the state’s commitment to supporting and empowering small and medium-sized businesses (MSMEs) as a key driver of economic growth.

The Governor highlighted the diverse range of MSMEs thriving in Benue, from organic food producers like Andor Global Foods to innovative motorcycle builders and traditional attire weavers.

He also celebrated Aorkwagh Farms’ work in regenerative farming and the “Made in Benue” brand’s creativity as examples of the state’s entrepreneurial spirit.

Governor Alia who lauded their contributions to local agriculture, healthy living and cultural heritage however acknowledged the challenges faced by MSMEs, including insecurity, regulatory hurdles, and access to finance.

He assured participants that his administration was actively tackling these issues by streamlining processes, removing bottlenecks and enacting laws against extortion, including “matching ground.”

Also, Benue State Commissioner for Industry, Trade and Investment, Mr Orpin Alumo, noted that the MSMEs Clinic will mark the turning around of Benue State, moving it from a civil service state to an industrial state.

Other dignitaries at the MSME Clinic Launch included Deputy Governor of Benue State, Barr. Sam Ode; Secretary to the Government of the Federation, Senator George Akume; Speaker of the Benue State House of Assembly, Mr. Aondona Dajoh; Chief Judge of Benue State, Justice Maurice Ikpambese; members of the National and State Assemblies, and members of the State Executive and Security Council, among others.

The Vice President was joined at the event by heads of key agencies, including Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Nigerian Export Promotion Council (NEPC), Bank of Agriculture (BOA), Bank of Industry (BOI), Nigerian Export-Import Bank (NEXIM), National Agency for Food and Drug Administration and Control (NAFDAC), Industrial Training Fund (ITF), Corporate Affairs Commission (CAC), Revenue Mobilization, Allocation and Fiscal Commission (RMAFC), National Information Technology Development Agency (NITDA), Federal Inland Revenue Service (FIRS), Standard Organisation of Nigeria (SON) and National Sugar Development Council (NSDC).

The clinic also promises immediate access to working capital, formalization assistance through the CAC, and export guidance from NEPC. Agencies like NAFDAC and SON were present at the launch to facilitate product certification, while FIRS offers tax advisory services.

VP Visits IDP Camp, Promises More Humanitarian Aid, Skills Development

Meanwhile, Vice President Shettima took time in the state and visited the Ichwa IDP camp in Makurdi, offering solace and support to those displaced by conflict.

He met with families, listened to their stories of loss and displacement and assured them of President Tinubu’s unwavering commitment to their well-being.

The VP promised continued humanitarian aid, explored avenues for skills development and livelihood opportunities within the camp, pledging to expedite the process of safe resettlement.

FG Announces Plans To Formalize 1m Businesses At Discounted Rate

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FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners

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FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners

As VP Shettima calls for coordinated results to drive economic growth

By: Our Reporter

The administration of President Bola Ahmed Tinubu, Tuesday, rallied global development partners, industry leaders, and policymakers to deepen investment in the Federal Government’s ongoing skills acquisition drive targeting millions of Nigerian youths.

This is just as Vice President Kashim Shettima called for clarity, collaboration, and coordinated results from relevant stakeholders, emphasising the need for investments in a more coherent national system, where skills lead to jobs that are enterprising enough to drive economic growth.

The Vice President stated this in Abuja when he declared open the National Skills and Industry Alignment Roundtable Series (Q1 2026) with the theme, “Bridging Skills Supply and Labour Market Demand.”

The event was convened by the Office of the Vice President, with support from the European Union (EU).

Represented by the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia, the Vice President commended the European Union for its continued partnership and support for Nigeria’s job creation and youth development agenda.

He noted that the collaboration had been instrumental in strengthening coordination and advancing collective efforts to create opportunities for young Nigerians.

Senator Shettima stressed that Nigeria stands at a decisive moment in its history, noting that the country is home to one of the largest youth populations in the world, with millions entering the labour market each year—full of ambition, energy, and potential.

He, however, observed that the vast majority of available jobs are informal, unstable, and not fully connected to productivity and growth, requiring sustained and targeted interventions to ensure graduates are job-ready and equipped with relevant skills.

“This tells us one thing very clearly—the challenge is not simply job creation; it is alignment. Nigeria does not have a talent problem. Until skills meet industry demand, job creation will remain below its full potential,” he said.

Spotlighting the government’s position, the Vice President affirmed that the Tinubu administration is determined to address this challenge.

He continued: “We are moving away from fragmented programmes, isolated interventions, and uncoordinated investments toward a more coherent national system—one where skills lead to jobs, jobs lead to enterprise, and enterprise drives economic growth.

“Last year, under the leadership of the Vice President and with the support of the European Union, the Office of the Vice President undertook a mapping of the national job creation ecosystem and convened a National High-Level Policy Dialogue on Job Creation.

“That engagement made it clear that sustainable employment will not come from government alone, but from a coordinated ecosystem where the private sector leads and government enables. It is in continuation of that effort that we are gathered here today.”
VP Shettima further noted that the Roundtable Series was designed as a structured platform for engagement, bringing together policymakers, industry leaders, development partners, and institutions to align efforts, build trust, and drive practical solutions.

He stated that, beyond ongoing multi-faceted investments, the Federal Government seeks to move from dialogue to deliberate action, connecting the dots between training and employment, education and industry, and policy and outcomes.

He emphasised that while government must align programmes with real economic demand, all stakeholders have a role to play in actualising President Tinubu’s skills policy direction.

“Job creation cannot be outsourced to government alone—industry must take its place at the table, not just as employers but as co-creators of the workforce Nigeria needs. The private sector must clearly articulate the skills it requires and actively participate in shaping them.

“Development partners also have a critical role—not just in funding programmes, but in supporting alignment, coordination, and scale around what works. Ultimately, what we are seeking is simple—clarity, collaboration, and results,” the VP said.

The Vice President declared that the time for fragmented action was over, stressing that the moment demands coordinated results, even as he said Nigeria has the talent, energy, and opportunity, but requires coordination, discipline, and execution from relevant stakeholders.

Earlier, the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, stated that the roundtable was very important to the ministry, noting that many employers are seeking skilled workers.

He explained that housing development involves a wide chain of activities—from architects to engineers to bricklayers—and requires collaboration among stakeholders and development partners to address the housing deficit, which will, in turn, drive economic growth.

For his part, the EU Head of Cooperation for Nigeria and ECOWAS, Massimo De Luca, acknowledged ongoing collaboration with the Office of the Vice President, the Deputy Chief of Staff to the President, and other development partners, including the Tony Elumelu Foundation, to drive impact in skills development and job creation.

According to him, the EU has, in recent years, focused on fostering organic engagement within Nigeria’s production system.

“We grow skills where they matter, where they are required, and where they are defined,” he said, commending the Office of the Vice President for ensuring that relevant fellowship programmes for Nigerians such as 3MTT are embedded within a broader ecosystem.

The Senior Special Assistant to the President on Delivery and Coordination, Akubo Adegbe, described the roundtable series as a deliberate and ongoing effort by the Office of the Vice President and the EU to strengthen coordination across Nigeria’s job creation ecosystem.

He added that the series serves as a structured platform to bring together key actors to deliberate on how to impact priority sectors of the economy, moving from collaboration to measurable outcomes.

Other participants at the roundtable include representatives of the Organised Private Sector, the German Agency for International Cooperation, the Tony Elumelu Foundation, and the Aliko Dangote Foundation.

FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners

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ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

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ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

By: Michael Mike

The Economic Community of West African States (ECOWAS) has issued ECOWAS National Biometric Identity Cards (ENBIC) to more than 260 women traders in border communities between Senegal and Guinea-Bissau in a move aimed at strengthening regional integration and easing cross-border trade.

The cards were presented during a ceremony held on March 16, 2026, in the twin border communities of São Domingos and Mpack, with support from the German Agency for International Cooperation (GIZ).

The initiative, led by ECOWAS’ Directorate of Free Movement of Persons, Migration and Tourism, is designed to facilitate the movement of women engaged in cross-border economic activities while addressing administrative barriers faced by vulnerable populations who often lack awareness or access to ECOWAS travel documents.

The event brought together officials from both countries, including the Governor of Cacheu in Guinea-Bissau, Honorina Vasconcelos, and the Governor of Ziguinchor in Senegal, Mor Talla Tine, alongside representatives of national boundary commissions and the ECOWAS Commission.

Speaking at the ceremony, Vasconcelos expressed appreciation to ECOWAS for selecting São Domingos as a beneficiary of the pilot phase of the initiative, describing the programme as an important step toward strengthening regional integration and facilitating free movement across the sub-region.

Also addressing participants, Tine commended the programme and stressed the importance of transforming border communities into hubs of economic opportunity while maintaining vigilance against security threats and cross-border crime. He noted that around 100 women cross the Mpack–São Domingos border daily without adequate knowledge of required travel documents, highlighting the need for broader community sensitization.

Representing ECOWAS’ Director of Free Movement of Persons, Migration and Tourism, Obinna Ajugwo said the initiative demonstrates the organisation’s commitment to translating regional integration policies into tangible benefits for citizens.

He explained that the ECOWAS National Biometric Identity Card plays a critical role in facilitating cross-border travel while enhancing security through modern identity verification systems.

In total, 262 women traders received the biometric cards, a development that was greeted with enthusiasm and appreciation by beneficiaries who rely on daily cross-border trade for their livelihoods.

ECOWAS said the programme forms part of its broader efforts to strengthen border management systems, improve migration governance and advance the free movement of persons across West Africa.

Established in 1975 in Lagos, the regional bloc continues to pursue economic integration and cooperation among its member states, with a long-term vision of building an “ECOWAS of the People: Peace and Prosperity to All by 2050.”

ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

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VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

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VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

By: Our Reporter

Vice President, Senator Kashim Shettima, Borno State Governor, Professor Babagana Umara Zulum, joined thousands of muslim faithful to observe the Eid prayers at Ramat Square, Maiduguri.

The two units prayer were observed peacefully at the main Eid ground and other prayer grounds across the state under tight security, marking the end of the month-long Ramadan fast.

In a sallah message shortly after the sermon by the Imam Idaini of Borno, Shettiima Mamman Saleh, the Vice President called for unity and peaceful coexistence in the state and the country as a whole.

Senator Shettima assures the Federal Government Gommitment to protecting the lives and properties of the citizenry, stressing that the fight against insurgency would be tackled head-on.

The Imam Idaini admonished worshippers to imbibe the lessons learned during the holy month and encouraged Muslim faithful to give alms to the poor (zakatul fitr) and to fast six days in the month of Shawwal to receive Allah’s bounties and rewards.

Borno State Governor, Professor Babagana Umara Zulum, in a sallah message, called on faithful to recharge their spiritual beings towards rebuilding a secure, peaceful, and prosperous Borno.

He saluted the courage, resilience, and commitment of the people to all initiatives aimed at deepening security and peace-building among the various components of society, fragmented by the Boko Haram insurgency over the years.

The Eid prayer was attended by the Shehu of Borno, Shehu Abubakar Ibn Umar Garbai Almin El-Kanemi; the Borno State Deputy Governor, Umar Usman Kadafur; the APC Deputy National Chairman, North, Senator Mohammed Ali Ndume; and Senator Kaka Shehu Lawan SAN, Minister of State for Regional Development.

Other dignitaries include members of the House of Representatives and the Borno State House of Assembly, former deputy governors, the Secretary to the State Government, Commissioners, APC stalwarts, and other top government officials.

VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

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