Fg Moves To Fast Track Msmes Growth, Sets Up Cttee To Enhance Financing

The Federal Government on Tuesday declared that it is working in collaboration with other stakeholders to ensure growth in Nigerias Micro, Small and Medium Enterprises MSMEs sector.

To this end, the National Council on Micro, Small and Medium Enterprises, MSMEs, has set up a committee to interface with the Central Bank of Nigeria to enhance the financing of small businesses in the country.

This was part of decisions taken at the first meeting of the National Council on MSMEs for 2025 held at the Presidential Villa, Abuja.

Speaking after deliberations by members, Vice President Kashim Shettima said the federal government, through its agencies and partners, has the moral burden of supporting growth in the MSME space and facilitating job creation across different sectors for Nigerians.