Connect with us

Business

FG Grants 200 Exhibitors At Ogun MSME Clinics N150,000 Cash Reward …additional 200 shop owners at Adire market to get N100,000 each

L-R: Minister of State for the Environment, Dr. Kunle Salako; Speaker, Ogun State House of Assembly, Rt. Hon. Oludaisi Elemide; Ogun State Governor, Prince Dapo Abiodun; Vice President, Senator Kashim Shettima; Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; the Senator, representing Ogun Centra at the National Assembly, Shuaibu Salisu, and his Ogun West counterpart, Olamilekan Adeola at the 2nd Expanded National MSME Clinics and the Commissioning of Ogun MSME Fashion Hub/Modern Adire Shared Facility in Abeokuta, Ogun State, on Tuesday.

The Federal Government has announced a N150,000 cash reward for every exhibitor at the 2nd edition of the national Micro, Small and Medium Enterprises (MSME) clinic.

A grant of N100,000 will also be given to over 200 owners of new stores at the Modern Adire Shared Facility at the Adire International Market, Asero, Abeokuta, the Ogun State capital.

The Vice President, Senator Kashim Shettima disclosed this on Tuesday at the 2nd Extended National MSME Clinics, held at the June 12 Cultural Centre, Kuto, Abeokuta.

He further disclosed that the national Micro, Small, and Medium Enterprises (MSME) clinic would serve as a bridge between the people and the government, adding that the clinics would serve as lifelines for enterprises in the state and the country as a whole.

The national MSME clinic serves as a bridge between the people and the government, it is our desire to bring the government in close proximity with the people by placing all regulatory agencies under one group.

He said: “Each exhibitor present at the clinic today stands to gain from our MSME instant grant of N150,000 each, courtesy of our esteemed private sector and His Excellency, President Bola Ahmed Tinubu.

“I hereby announce that President Bola Ahmed Tinubu has directed that almost 200 new applications within this market be granted free of charge to small business traders for one year and each of them should enjoy a grant of N100,000.”

Senator Shettima noted that Ogun State is not only the industrial powerhouse of the nation but a committed supporter of the federal government’s efforts to support enterprises and empowerment.

As the keeper of its words, the federal government has transversed the length and breadth of the country to fulfill its pledge to the people across diverse sectors, he said.

He said his coming to Ogun State signifies the need to support businesses and transform ideas into commercially viable ventures, saying the 2nd phase of the Expanded SMSME Clinics is a strategic intervention to fortify the foundation of small businesses, which commenced in Benue State early this year.

“The clinics serve as a link between the people and government. Small Businesses are now afforded platforms to present their business challenges, and seek timely intervention of monetary agencies all in an attempt to eliminate the task of navigating from one agency to another in their efforts to build the next unicorn out of Africa,” Shettima said.

The Vice President emphasized that the clinics would serve as a lifeline for enterprises as it would offer immediate financial support to the exhibitors and provide small businesses the opportunity to register with the Corporate Affairs Commission and get their Certificates within a day.

Senator Shettima thanked Ogun State and the governor for their support to the federal government to bring the nation’s economy back on track.

Also speaking, the host governor, Prince Dapo Abiodun, said his administration has launched the Small and Medium Enterprises Industrial Land Acquisition Scheme (SILAS), stating that the scheme is a 1,000 Hectares Industrial hub provided with needed amenities like good roads, power, among others.

“The SME park is aimed at providing incentives to SMEs way below the market rate. There will be many incentives through industrial ownership and accelerated processing of their CoO which can be used as collateral for further financing.

“Other benefits of the park will include rebates on taxes and levies such as Land Use charges, building permits, land processing fees, etc. This park will cover agro-allied, agro-processing, home and personal care building materials and chemicals, food processing,” the governor said.

To support the federal government in repositioning the nation’s economy, Governor Abiodun said the State would offer incentives like conditional grants of N100,000 to 10,000 MSMSE, N500,000 given to 2,000 SMEs, and N50,000 to 5,000 market women in the State.

Special Adviser to the Vice President on Small and Medium Enterprises, Mr. Tola Adekunle Johnson, acknowledged the working relationship between the federal and the state governments, staying at the clinics was a means to create jobs for the people, especially the youth, naming Ogun and Benue as the two states to benefit from the programme so far.

In his welcome address, the state Commissioner for Industry, Trade, and Investment, Mr. Adebola Sofela, maintained that the clinics were meant to address the challenges facing small and medium enterprises in the state to find solutions to them, calling on participants to leverage on the various issues that would be treated to grow their businesses.

The Vice President had earlier commissioned the Modern Adire Shared Facility at Adire International Market Asero and the National MSME Clinics, Ultra-Modern Fashion Hub, Ajebo Road all in Abeokuta.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

FAAN targets full ISO certification for Nigerian airports by December 2025

The Federal Airports Authority of Nigeria (FAAN) has December 2025 to achieve full International Organisation for Standardisation (ISO).

The is contained in a statement by the authority’s Director of Public Affairs and Consumer Protection, Mr Henry Agbebire in Lagos.

The Managing Director of FAAN, Mrs Olubunmi Kuku, made this known at the unveiling of its ISO Policy aimed at institutionalising a culture of service quality, operational safety, and sustainable practice across all FAAN managed airports.

Kuku was represented by the FAAN Director of Human Resources and Administration, Dr Luqman Emiola.

The new policy, she said, integrates two standards, ISO 9001:2015 Quality Management System (QMS) and ISO 14001:2015 Environmental Management System (EMS), into a single framework.

”FAAN has achieved about 70 per cent completion of the certification process, with external auditors scheduled to arrive in November to assess compliance and close identified gaps.

”We are targetting full ISO certification by December 2025.

”The ISO policy reinforces the operational principle that, if it is not documented, it is considered not done,” she said.

She noted that the policy provided FAAN with a working document to guide internal audits across directorates.

Kuku said that it would ensure that every action reflected it’s commitment to service quality, safety, environmental stewardship, and operational excellence.

She reiterated the authority’s dedication to managing Nigeria’s airports in line with international best practices, ensuring safe, secure, efficient, and environmentally responsible operations.

The authority also reaffirmed its commitment to protecting the environment, supporting host communities, and providing a conducive workplace for staff.

Also speaking at the unveiling, the Director of Special Duties, FAAN, Mrs Obiageli Orah highlighted the purpose and importance of the ISO Policy.

According to her, the audit process is designed to measure FAAN’s commitment to quality, business conduct, customer satisfaction and environmental responsibility.

Continue Reading

Business

TCN announces outages in Enugu, Abuja

The Transmission Company of Nigeria has announced that there would be electricity outages in parts of Enugu State and Abuja, respectively, due to maintenance of its Kubwa and New Haven Enugu 132/33 kilovolt substations.

The spokesperson of TCN disclosed this in a separate statement released on the agency’s X account on Tuesday.

According to TCN, the scheduled Enugu-New Haven maintenance would take effect from October 22, 2025, to Thursday, October 31, 2025, between 9:00am and 5:00pm daily.

Consequently, TCN stated that there would be disruption of bulk electricity supply to one 33-kilovolt feeder per day on a rotational basis during the period.

“TCN wishes to clarify that this is not a total system shutdown for Enugu State. To minimise disruption, the work has been carefully planned to affect only one 33 kV feeder per day on a rotational basis. Given that Enugu State is supplied by twenty-four (24) 33 kV feeders, this arrangement ensures that most parts of the state will continue to receive a power supply while the maintenance is ongoing.

“The exercise requires the temporary isolation of specific 33 kV feeders to ensure the safety of TCN technical crews and the protection of equipment under maintenance.

“Consequently, customers in areas served by these feeders will experience power interruption only on the day their specific feeder is isolated,” the statement reads.

In Abuja, the disruption, which is expected to take effect on 21st October 2025, would affect areas in Kubwa, including Army Resettlement, Papal Ground, Aso Garden, Nydren Supermarket, Back of AT4, Back of Mobil, Zenith Bank, FO1, Kubwa Extension, Chikakore Community, Dantata Estate, IITA Farms, Royal Champion Church, the Kubwa area and environs.

“The Transmission Company of Nigeria (TCN) notifies the public of scheduled preventive maintenance at the Kubwa 132/33 kV Transmission Substation on October 21, 2025, from 11 am to 3 pm.

“The exercise will involve the replacement of a 33 kV circuit breaker with a new one and will require an interruption of bulk power supply to the Abuja Electricity Distribution Company (AEDC) from Kubwa Substation,” the statement reads.

Continue Reading

Business

FG, States, LGs Share N2.103trn September 2025 Revenue – FAAC

A total sum of N2.103 trillion, being September 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.

The revenue was shared at the October 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The N2.103 trillion total distributable revenue comprised distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion, Electronic Money Transfer Levy (EMTL) revenue of N51.684 billion.

A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N3.054 trillion was available in the month of September 2025. Total deduction for cost of collection was N116.149 billion while total transfers, interventions, refunds and savings was N835.005 billion.

According to the communiqué, gross statutory revenue of N2.128 trillion was received for the month of September 2025. This was lower than the sum of N2.838 trillion received in the month of August 2025 by N710.134 billion.

Gross revenue of N872.630 billion was available from the Value Added Tax (VAT) in September 2025. This was higher than the N722.619 billion available in the month of August 2025 by N150.011 billion.

The communiqué stated that from the N2.103 trillion total distributable revenue, the Federal Government received a total sum of N711.314 billion and the State Governments received a total sum of N727.170 billion.

The Local government Council received N529.954 billion, while the sum of N134.956 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.

On the N1.239 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N581.672 billion and the State Governments received N295.032 billion.

The Local Government Councils received N227.457 billion and the sum of N134.956 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

From the N812.593 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N121.889 billion, the State Governments received N406.297 billion and the Local Government Councils received N284.408 billion.

A total sum of N7.753 billion was received by the Federal Government from the N51.684 billion Electronic Money Transfer Levy (EMTL), the State Governments received N25.842 billion and the Local Government Councils received N18.089 billion.

In September 2025, Import Duty, Value Added Tax (VAT) and Electronic Money Transfer Levy (EMTL) increased significantly while Companies Income Tax (CIT) and CET Levies decreased considerably. Petroleum Profit Tax (PPT) increased Marginally while Oil and Gas Royalty and Excise Duty recorded marginal decreases.

Continue Reading
Advertisement

Trending