October 21, 2025
An unconditional grant of N250,000 each have been approved by President Bola Tinubu, for outstanding Micro, Small, and Medium Enterprise, MSME, exhibiting at the Expanded National MSME Clinic in Katsina State.
This was announced on Tuesday by Vice-President Kashim Shettima, during the inauguration of the ninth edition of the MSME Clinic, designed to support small businesses and stimulate economic activity across local communities.
According Shettima, the Federal Government established the Expanded MSME Clinic to bring services closer to entrepreneurs and encourage innovation, employment, and access to resources through direct engagement with key institutions.
“MSMEs remain the backbone of our national vision.
“We came to office committed to ease the nation’s economic burden, and our support for businesses remains a top priority,” Shettima said.
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He noted that through the clinic, MSMEs could access regulatory bodies like CAC, NAFDAC, and SMEDAN, as well as banks including the Bank of Industry, to resolve pressing business challenges.
The vice president highlighted President Tinubu’s commitment to the cause stating that, “This grant is non-repayable and part of our efforts to eliminate barriers hindering MSMEs and promote an environment where small businesses can thrive.”
He added that the administration had also introduced a N75 billion MSME Intervention Fund, offering up to N5 million in loans to 75,000 enterprises at a 9 per cent annual interest rate.
He said additionally, the N50 billion Presidential Conditional Grant Scheme was supporting one million nano businesses nationwide with grants of N50,000 each, targeting the most vulnerable micro-enterprises across all 774 local councils.
“Another intervention, the N75 billion Manufacturers Fund, provides loans of up to N1 billion to manufacturing firms to offset high costs of production, marketing, and logistics.
“So far, more than 39,000 MSMEs in Katsina State have benefited from federal initiatives, receiving a combined total of about N2.5 billion in grants and concessional loans to support business growth.
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“Under the RAPID programme, 23 MSMEs in rural parts of Katsina have received more than N112 million to expand operations, create jobs, and stimulate rural economic activities.”
Shettima also announced the inauguration of the N5 billion Katsina State MSME Growth Fund, a matching scheme between federal and state governments, disbursing N576 million to 237 local businesses.
He commended Gov. Dikko Radda for setting up the Katsina State Enterprise Development Agency (KASEDA), a key initiative supporting MSME transformation into regional, national, and global business players.
“No country thrives without a robust MSME sector With more than 1.7 million MSMEs, Katsina is positioning itself as a hub for agriculture, crafts, services, and digital enterprise,” Shettima said.
While applauding the involvement of women and youth in enterprise development, he emphasised the importance of inclusion, “growth without inclusion is but a mirage.”
