Eko Hot Blog reports that the Federal Government through the Bank of Industry (BOI) has announced that it will award three funding categories totalling N200 billion to assist companies and manufacturers nationwide. A statement from the development bank mentioned that the money was from the FGN MSME Intervention Fund, the FGN Manufacturing Sector Fund, and … Read more
Eko Hot Blog reports that the Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that about 81% of Nigerians within the employment pool are not engaged in any productive sector of the economy. Despite Nigeria boasting a relatively low unemployment rate of 4.2%, the majority of those employed are … Read more
Eko Hot Blog reports that the Office of the Vice President has collaborated with the Bank of Industry (BOI) to commence the distribution of loans to strengthen the Micro, Small, and Medium Enterprises (MSMEs) sector in the country, starting from January 2024. This was contained in a press statement issued on Thursday by Mr … Read more
Nigeria’s trajectory took an unprecedented turn with President Bola Ahmed Tinubu’s bold declaration shortly after his May 29, 2023, inauguration that the fuel subsidy was to be abolished. Even as the inauguration festivities at Abuja’s Eagle Square drew to a close, the reverberations of this statement were felt across the nation’s fuel stations. Oil marketers … Read more
Eko Hot Blog reports that Vice President Kashim Shettima has said President Bola Tinubu is “very passionate” about empowering Micro, Small and Medium Enterprises (MSMEs) for the development of the nation’s economy. According to a statement issued by the vice president’s spokesperson, Olusola Abiola, he spoke on Tuesday with journalists during his tour of exhibition stands … Read more
The programme targets 1 million youths, 500,000 MSMEs with grants, digital training. The government said the partnership is in line with President Tinubu’s commitment to providing digital jobs. It also revealed the states that will kick off the initiative. Eko Hot Blog reports that the Federal Government through the Office of the Vice President is … Read more
The working group was inaugurated on Tuesday, January 17, 2023. The Lagos government said the group will domesticate the AfCFTA in the state. The government said the AfCFTA domestication aligns with the present administration’s economic agenda. Eko Hot Blog reports that the Lagos State Government has inaugurated the State Technical Working Group to be responsible … Read more
Lagos State Government has expressed its readiness to leverage the support of multilateral Development Agencies to boost the capacity and production of Micro, Small, and Medium Enterprises (MSMEs) in the State. Eko Hot Blog reports that the Special Adviser to Governor Babajide Sanwo-Olu on Commerce, Industry, and Cooperatives (MCIC), Engr. Abiola Olowu made this known … Read more
Lagos State Government has assured of its support to promote the export of locally-made goods, in a bid to reduce the nation’s dependency on crude oil. Eko Hot Blog reports that the Commissioner for Commerce, Industry and Cooperatives, Dr. (Mrs.) Lola Akande gave the assurance when the leadership of the Chartered Institute of Export and … Read more
EDITOR’S PICK: BREAKING: Firm Announces Annual Tonnes Of Plastic Waste Generated In Lagos JUST IN: LASG Partners ELCA To Produce 128 Young Filmmakers Fresh Graduate JUST IN: Lagos To Demolish Five Structures, Warns Defaulters EKO HOT BLOG reports that the Lagos State Government, on Sunday, assured members of the business community of its commitment to … Read more
Sanwo-Olu seeks private sector partnership to boost MSMEs …Mrs. Adetutu Oluremi Ososanya, said the annual staging of the Exclusive Trade Fair was an eloquent testimony of Governor Babajide Sanwo-Olu’s commitment to the growth of the Sector. EDITOR’S PICK BREAKING: Sultan Urges Muslims To Watch Out For Crescent Of Dhul-Hijjah Give Your House To Yahoo Boys, … Read more
Lagos set to hold 7th edition of MSMEs exclusive fair ….the MSME Exclusive Fair was conceptualised to build a strong public-private support system that would enhance the capacity of MSMEs for economic diversification EDITOR’S PICK: Lagos Hajj Pilgrims To Get Travel Allowance Senate Raises Alarm Over Terrorists Invasion In Kwara, Others JUST IN: NPC Launches … Read more
Senator Abiru kicks off capacity development training for 1000 MSMEs in Lagos East ….Gives Knowledge Pack To 1000 Trainees …Announces N100million Constituency Intervention Revolving Loan For MSMEs EKO HOT BLOG reports that the Chairman, Senate Committee on industries, Senator Tokunbo Abiru, on Monday has flagged off a capacity development training for 1000 Micro, Medium and … Read more
The Lagos Chamber of Commerce and Industry says losses of Micro, Small and Medium Enterprises (MSMEs) in Lagos is approximately N2.7 billion, due to the unprecedented Coronavirus lockdown. LCCI’s Director-General, Dr. Muda Yusuf, made this known on Sunday through the LCCI’s Economic and Business Review for 2020 and Outlook for 2021. Eko Hot Blog gathered … Read more
Borno State Governor, Babagana Umara Zulum has disbursed N32 million cash to 704 small and medium-sized enterprises (SMEs), bringing to N154 million the amount given by the governor in the last one week, to boost small businesses, stimulate the local economy and fight poverty. Distribution took place along Damboa road where 304 persons in small … Read more
Review, Nigeria’s investment policy The Federal Government has commenced the review of Nigeria’s investment policy to promote investments that meet the country’s economic development objectives within the pillars of the Responsible, Inclusive, Balanced and Sustainable Policy framework. The Minister for Industry, Trade and Investment, Otunba Adeniyi Adebayo, disclosed this on Monday in Abuja, Ekohotblog gathered … Read more
The Federal Government has announced that the first batch of artisans in Ariaria International Market in Abia State has received their one-time grant of thirty thousand naira each. This was contained in a tweet shared by the Micro, Small and Medium Enterprises Survival Fund. The Government of Nigeria also disclosed that the Payroll Support Scheme … Read more