454,000 MSMEs now operating in our state: Niger Govt
The Niger State Small, Medium Enterprises and Microfinance Agency (NSSMEMA) said it had increased the number of Micro, Small and Medium Enterprises (MSMEs) operating in the state from 376,000 to 454,000.
Farouk Audi, NSSMEMA director-general, disclosed this in Minna on Tuesday.
Mr Audi said the 2016 report of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) showed that there were 376,000 entrepreneurs in Niger, out of the national figure of over 38 million.
“Today in Niger state, the last report of 2020 has shown a significant increase of 78,000 MSMEs, making a total of 454,000 from the 376,000 in 2016,” he said.
He explained that the agency had outlined programmes, such as seminars and workshops, to mentor entrepreneurs in the state and also addressed the challenges of existing entrepreneurs to raise the number of MSMEs.
“In 2018, there was an MSME clinic jointly organised by the office of Vice President Yemi Osinbajo and the state government, where inventories and catalogue of their problems and the way forward was discussed. This also added to where we are now,” Mr Audi added.
The NSSMEMA director-general further explained that the state government had also collaborated with the Central Bank of Nigeria (CBN) to access N2 billion in loans to assist the MSMEs develop and sustain their businesses.
He also revealed that 12,033 MSMEs in the state benefitted from the gesture, creating over 3,000 new jobs, which cut across all sectors, from agriculture to manufacturing.
Mr Audi mentioned that the state was in third place nationwide, after Katsina and Osun, in meeting the criteria for loans and disbursements.
He expressed optimism that the beneficiaries would pay back their loans to enable others to benefit.
“I want to tell you that the beneficiaries have started repaying their loans. Some have paid 100 per cent,” said Mr Audi.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Nigeria positioned to power clean energy Future: Tinubu
Mr Tinubu expressed his firm commitment to improve the developmental partnership between the European Union and Nigeria.
Africa
Benin, Liberia, Sierra Leone roll out malaria vaccines
With the announcement on World Malaria Day, the number of African countries incorporating the vaccines into their childhood immunisation programmes increased to eight.
NationWide
Group urges FG to decongest custodial centres after Suleja jailbreak
”We also call on the public to pay more attention to issues concerning corrections in Nigeria.”
Politics
PDP unveils 200-member campaign council for Edo 2024 guber election
The advisory council has seven eminent members of the state.
Africa
ECOWAS moves to tackle drug abuse in Sierra Leone, other countries
ECOWAS said the workshop was also to support efforts to tackle drug abuse and provide resources and strategies for member states, particularly Sierra Leone.
Lagos
FG to resume resurfacing of Third Mainland Bridge: Official
She said that the exact dates for the renewed construction would be announced soon.