Business

FG allocates N200 billion to support MSMEs, manufacturing sectors to foster economic growth

The Federal Government of Nigeria has allocated N200 billion to support Micro, Small, and Medium Enterprises (MSMEs) and the manufacturing sectors, aiming to generate job opportunities and foster economic growth.


The announcement was made during a capacity-building event for MSMEs in Lokoja, Kogi State, by Nura Rimi, the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment.


Nairametrics learns that the government also initiated the licensing of Business Development Service Providers (BDSPs) based on a new certification and accreditation framework to standardize the delivery of Business Development Services (BDS) across the country.