Osinbajo Calls on Banks In Nigeria To Support FG Efforts At Resuscitating MSMEs


Monnday, September 30, 2019 /  9.00AM / Nifemi Taiyese for Proshare WebTV / Header Image Credit: @cibnigeria


Vice President Professor Yemi Osinbajo called on Deposit Money Banks in the country to support the efforts of the Federal Government in resuscitating Micro Small Medium Enterprises, MSMEs in Nigeria and also the real sector.

He disclosed this at the 12th annual banking and finance conference in Abuja powered by the Chartered Institute of Bankers in Nigeria, CIBN.

Professor Osinbajo said the Buhari administration remains committed to lifting a 100million Nigerians from poverty in the next decade.

Osinbajo highlighted the Government Entrepreneurship Empowerment Programme, GEEP as a key intervention that the FG has used to increase MSME growth in the country.

Other key developments in the MSMEs subsector in the week include;


NSE Enterprise Innovation Hub Set For October 24th Hackathon

The Nigeria Stock Exchange (NSE) enterprise innovation hub announced that it is set for its X-Kathon scheduled for October 24th, 2019.

The theme of the event is "Millennial Participation in The Capital Market," which is aimed at enhancing retail investors' participation in the capital market.

X-Kathon is open to talented individuals, teams and ventures in the tech ecosystem, who have the "magic wand" to explode the growth potentials of the Nigerian capital market. Interested participants should submit creative ideas, software/tech solutions and hacks to address "low participation of millennials in the capital market"  on or before October 8, 2019, via http://www.nse.com.ng/x-kathon.

At the grand finale, the overall winner of the maiden edition of the X-kathon will win the sum of Five Million Naira while the first and second runner ups will win Three Million Naira and Two Million Naira respectively.


FG Supports 6 Startups in Edo with N5m Grants, Through NSIP Initiative

Through the National Social Investment Programme, NSIP Six startups in Edo state received N5m grants each from the Federal Government.

The startups were incubated at the South-South innovation hub set by the Federal Government and have received the grants to expand their businesses.

This is part of the federal government initiative in supporting entrepreneurship in the country.


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