In a groundbreaking move, Vice President Kashim Shettima has announced the establishment of the National Philanthropic Office (NPO), aimed at raising $200 million in grants and non-financial investments to bolster the Micro, Small, and Medium Enterprises (MSME) sector across the country. The announcement was made during the inauguration of the Local Implementation Committee of the NPO at the Banquet Hall of the Presidential Villa in Abuja.
The initiative, driven 100% by the private sector with full government support, is a testament to President Bola Tinubu’s unwavering commitment to societal improvement and creating an enabling environment for MSMEs. Shettima highlighted that the program will target key sectors within the MSME space to drive job creation in Nigeria.
Our Data Prices On JMData:
- MTN SME 1: N255 per 1GB
- MTN SME 2: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: [JMData] https://play.google.com/store/apps/details?id=com.encrypted.jmdata
JOIN MAJOR TELEGRAM MINING
This Mining is the next after #DOGS, Don't Miss it Out
Use this link below to Join 👇👇👇👇👇
https://t.me/major/start?startapp=5289508979
Eligible MSMEs stand to benefit significantly, with grants ranging from N5 million to N10 million. The program places a strong emphasis on supporting women-owned businesses and startups, aiming to allocate 50% of the funds to this demographic.
READ ALSO: Application Opens for CCHub and Mastercard Foundation Fellowship, Apply Now
Vice President Shettima outlined the overarching goal of establishing twelve industrial value-chain hubs and accelerators nationwide. These hubs will focus on digitized shared workspaces, agro-processing, and shared industries, with the aim of generating one million jobs directly and indirectly within the MSME ecosystem.
Thelma Ekiyor-Solanke, the Country Chairperson of the NPO, commended Vice President Shettima’s visionary commitment to the initiative, emphasizing the transformative impact it will have on philanthropy and the country’s investing landscape. The Local Implementation Committee, chaired by Ekiyor-Solanke, includes key industry leaders such as the Managing Directors of Wema Bank, Bank of Industry, and Access Bank, among others.
This ambitious initiative not only aligns with global trends of exploring alternative funding methods for vital projects but also reflects a collaborative effort between the public and private sectors. The NPO’s focus on providing catalytic capital to entrepreneurs and promoting innovation within MSMEs is expected to make a significant contribution to Nigeria’s economic development.
JOIN NOW
https://t.me/grandcombat_bot/start?startapp=lYRFU96I5w
Google News Channel
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news
Discover more from Allmedia24 News
Subscribe to get the latest posts sent to your email.
