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Federal Government Spent N1.2billon Gombe MSMEs – Osinbajo

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According to Vice President Yemi Osinbajo, the Federal Government has invested N1.2 billion in Gombe State to fund Micro, Small and Medium Enterprises (MSMEs).

On Tuesday, Osinbajo announced this while speaking at the 27th edition of the National MSMEs Clinic in Gombe.

According to the VP, the Federal Government’s MSMEs initiative aimed to improve the country’s economy while also generating employment for Nigerian youths.

He explained that the program was an initiative of President Muhammadu Buhari’s administration to support small businesses across the country as part of the Economic Sustainability Plan (ESP), which he said was aimed at helping young businesses and the vulnerable.

“The programme has benefited Gombe state, with over 9, 085 employees from close to 2000 MSMEs in the education sector alone benefitting from the scheme.”

“Another 10000 artisans and transporters in the state have also benefited, while 6000 new businesses had been registered free of charge with the Corporate Affairs Commission (CAC).”

“In all, MSMEs in Gombe state have been supported by the Federal Government with almost N1.2 billion under the ESP.”

“There is more to come, the Federal Government will provide more support; additional businesses and employees, we are told, are undergoing verifications to be shortlisted for payment,” Osinbajo said.

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