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The FG has registered over 500,000 MSMEs in a national database to improve business support, policy planning and industrial developmentMinister Jumoke Oduwole said the government has secured over $50 billion in FDI commitments and recorded $6.1 billion in non-oil exportsDespite MSMEs’ major contribution to Nigeria’s economy, the sector still faces an estimated N13 trillion financing gap
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Federal Government has registered more than 500,000 Micro, Small and Medium Enterprises (MSMEs) in a national database designed to improve industrial planning, strengthen policy decisions and expand support for businesses across Nigeria.
The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, disclosed this at the 17th National Council on Industry, Trade and Investment held in Enugu.
More Jobs, Investment: FG Disburses N600bn, Registers 500,000 MSMEs in National DatabaseSource: UGC
She said the initiative is part of the government’s broader plan
