NO STRIVING ECONOMY WITHOUT MICRO SCALE MEDIUM ENTREPRENEURS (MSMEs)

I am you tour guide on the subject matter.
MSME is an initial meaning:
Micro
Scale
Medium
Enterprises

What does MSME mean to you?
When can you categorize a business as MSME?
What low-interest loans are available to MSMEs in Nigeria?

Here is my tips to becoming the next big business, it will worth the value of your time as your read.
  1. 1500 MSMEs are to benefit from the FG’s shared facility scheme, all you need is your idea and you can be provided with an office space or factory to do business.
  2. These facilities will provide power, high quality operating equipment and broadband connectivity (internet) which will help to greatly reduce your cost of operation.
  3. All states and Federal Capital Territory (FCT) will have a minimum of one shared facility each located in identified clusters where MSMEs already operate in significant numbers. Currently, two of the shared facilities have been established in Bauchi and Oyo states. Some of the identified clusters include Ogbunike, Anambra State; Ikot Abasi, Akwa Ibom State; Computer Village, Lagos State; Ukum, Benue State; Wamakko, Sokoto State; Soba, Kaduna State; Egbe Eyewa, Ogun State and Arochukwu, Abia State.
  4. Finally, I hear you’re worried about capital? Government agencies and institutions like Development Bank of Nigeria (DBN), Bank of Industry, NEXIM, and NIRSAL Microfinance Bank have got you covered with low-cost financing with reasonable loan repayment structures.

I'm glad to bring you to a memorable destination. Make the best of this opportunity.

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