msme clinic

MSME Clinic To be Flagged Off by VP Osinbajo And Pantami

Nigerian Vice President Yemi Osinbajo and the Nigerian Minister of Communications and Digital Economy (MCDE) Dr Isa Ali Ibrahim Pantami are set to flag off the National Macro, Small and Medium Enterprises MSME Clinic in Gombe.

READ ALSO: Promoting MSMEs – Osinbajo Patronize Shoemaker

The MCDE announced this yesterday via their official social media platforms.

The clinic will kick off in Gombe, today the 30th of March 2021. The Ministry said the clinic is “aimed at supporting the ease of doing business in Nigeria.

“The Honourable Minister of Communications and Digital Economy, @DrIsaPantami will accompany the Vice President, His Excellency, Prof Yemi Osinbajo, as the Federal Government delegation flags off the National MSME Clinic in Gombe State on Tuesday, 30th March 2021.”

“The clinic is aimed at supporting the ease of doing business in Nigeria by providing shared facilities with access to broadband connectivity, automation of processes, a one-stop-shop, among others.

“This is in line with the National Digital Economy Policy and Strategy for a Digital Nigeria launched and unveiled by His Excellency, President Muhammadu Buhari.”


VP Osinbanjo MSME

Promoting MSMEs – Osinbajo Patronize Shoemaker

Promoting MSMEs – VP Osinbajo Patronize Young Nigeria Shoemaker OJBest who had tweeted at him previously about his skills. After taking VP’S measurements, Omale Ojima -OJ came to the Villa last Monday to present the sandals. It’s all about promoting MSMES & inspiring young people.

READ ALSO: Businesses to lose over N55bn as ports halt exports

VP, Osinbajo patronizing made in Nigeria sandals and shoemaker. In addition to being cerebral and hardworking, Osinbajo is down to earth. This is another thing that’s endeared him to our hearts. Let’s not forget too that the VP is one of the biggest supporters of MSMEs in Nigeria today. The Ease of Doing Business comes to mind.

The father & encourager of MSMEs will never relent in ensuring local business strive in Nigeria. He’s a man with foresight and great vision, the initiator of MSMEs clinic for business owners, it has been effective throughout states ever since.

Also in the other news, the Honourable Minister of Communications and Digital Economy, @DrlsaPantami will accompany the Vice President, His Excellency, Prof Yemi Osinbajo, as the Federal Government delegation flags off the National MSME Clinic in Gombe State on Tuesday, 30th March 2021.

The clinic is aimed at supporting the ease of doing business in Nigeria by providing shared facilities with access to broadband connectivity, automation of processes, a one-stop-shop, among others.

This is in line with the National Digital Economy Policy and Strategy for a Digital Nigeria launched and unveiled by His Excellency, President Muhammadu Buhari.


#MSMEClinics #MSMEClinicGombe #DigitalNigeria

now now

Registration for FG’s MSME survival fund to open Monday

The federal government has announced that registration for the N75 billion survival fund for micro, small and medium enterprises (MSMEs) will begin on Monday, September 21.

READ ALSO: CardinalStone’s West Africa SME Fund Closes at $64M

Mariam Katagum, minister of state for industry, trade and investment, said the programme is aimed at tackling the economic challenges faced by small businesses as a result of the coronavirus outbreak.

Katagum was speaking at the virtual commissioning of the fashion cluster shared facility for MSMEs tagged ‘Eko Fashion Hub’ in Lagos on Friday.

Katagum explained that the programme, which would run for an initial duration of three months, would be opened for 1 .7 million entities and individuals across the country.

“The federal government is fully committed to empowering Nigerians; more so in the face of the COVID-19 pandemic,” she said.

“In this regard, the government, through the economic sustainability committee had announced specific programmes aimed at cushioning the impact of COVID-19 on MSME businesses.

“These programmes include among others, the N75 billion MSME survival fund and Guaranteed Off-take schemes of which I have the honour to chair the steering committee for the effective implementation of the projects.

“The project, which will run for an initial period of three months, is targeting 1.7 million entities and individuals and has provisions for 45 percent female-owned businesses and five per cent for those with special needs.”



Most MSMEs Can’t Withstand Shocks—Olurotimi

Businesses may have suffered their worst year in 2020, but this year will see Micro, Small, and Medium Scales Enterprises (MSMEs) thrive if they work on all the lessons learnt and use them to adapt to the changing landscape, Mr Seye Olurotimi, the founder of MSMEs Africa, has said.

READ ALSO: Leveraging technology to optimise MSMEs, empower women

Mr Olurotimi, while appearing as a guest on TV Continental’s programme called Business Nigeria anchored by Mr Tolu Ogunjobi, which was monitored by Business Post, noted that small businesses do not have shock absorbers, which he said affected them when the global economy was faced with an unprecedented health crisis last year.

In his words, “MSMEs don’t have shock absorbers to withstand what the big corporates could absolve and when COVID-19 came and forced people to stay back at home, a lot of them didn’t have the infrastructure to run their services.

“It affected the way they made money. So, people could not make money, couldn’t meet their obligations, some have debts. Many have had to lay off their staff because they could not afford them.”

Mr Olurotimi noted that the recession that came with the situation led many to grapple with a lot as it made it harder for them to meet up with a lot of obligations.

FG’s interventions good

However, he commended several interventions from the federal government, which he said some have benefitted from. But he noted that the programme could not meet the demands of the over 40 million SMEs in the country.

Mr Olurotimi praised the payroll scheme of the federal government, which helped to pay workers and not business founders for a specified period, adding that the Guaranteed Offtake Scheme helped to provide funds to produce goods and also provided avenue’s to help them sell these goods.

While lauding these schemes, he advised the FG not to “just give people money” but should “train them on how to use them,” submitting that “for every intervention, let’s create a part that trains people on how to manage businesses so as to build capacity.”

He further said that despite the considerable improvement made as regards the movement of Nigeria in the ranks of global ease of doing business, there was more the country could do. Nigeria moved 15 places to 131 from 146 out of the 190 countries assessed by the World Bank.

He charged the Presidential Enabling Business Environment Council (PEBEC) to do more, explaining that the rate that businesses spend on electricity, rent and transport are not sustainable for business.



Paylink partners Google to train 15,000 MSMEs in Nigeria

To help Micro, Small and Medium Enterprises recover from the impacts of COVID-19 and reposition them to take advantage of opportunities of a post-COVID future, Paylink, a payment and ecommerce solution for individuals, businesses and non-profits, has partnered with tech giant, Google.

READ ALSO: Elumelu advocates strategic long-term investment to tackle poverty in Africa

The partnership is particularly geared towards empowering MSMEs with the digital expertise they require to thrive through the Paylink MSME Digital Bootcamp.

The organiser of the bootcamp, SystemSpecs, providers of Paylink, made this disclosure during the formal announcement of the expression of participation to MSMEs across Nigeria for the free seminar supported by Google.

Through a series of online trainings, MSMEs in Nigeria will be equipped with the relevant digital skills necessary to drive and scale their businesses in the digital era, recover from the impacts of the coronavirus pandemic, as well as sustain their business on a long term.

As a developing country, MSMEs form the bedrock of enterprise and employment in Nigeria.

A statement by the Ministry of Trade and Investment says Nigeria’s over 37.07 million MSMEs account for more than 84 per cent jobs in the country.

MSMEs also account for about 48.5 per cent of the gross domestic product as well as about 7.27 per cent of goods and services exported out of the country.

The Ministry of Trade and Investment further stated that micro-enterprises, which are the smallest businesses, account for the bulk of the MSMEs in Nigeria with 36,994,578 enterprises (about 99.8 per cent).

Commenting on the partnership, SystemSpecs’ Executive Director, Corporate Strategy, ‘Deremi Atanda, said: “With more than 41 million MSMEs spread across the length and breadth of the country, it is clear that if these enterprises are empowered to attain their true potentials, they would significantly impact all strata of our economy and society at large.

“This is one of the reasons we have partnered with Google, a reputable organisation that deals with businesses across various segments of the Nigerian marketplace, to equip enterprises in the micro, small and medium-scale cadre with key requirements to thrive in a post-COVID economy.

“It is our conviction that MSMEs are an essential stakeholder group in the Nigerian project and we are committed to advancing their causes.”

Covering themes that include brand building, business growth and tools for business management and to hold on selected days in the months of March, April and May, 2021, the training leverages Google’s Digital Skills Africa programme for existing and prospective Paylink subscribers.

“COVID-19 forced many businesses to re-think their strategies and challenged long-standing entrepreneurial approaches. Among others, it brought forth the need to adopt a digital-first strategy in order to reach an extensive and largely unexplored market and ultimately grow bottom-line,” said Google Nigeria’s Country Director, Juliet Ehimuan.

“While a number of MSMEs are aware of this progressive direction, many are not. As with our other trainings, partnering with SystemSpecs to train current and prospective Paylink customers will go a long way in empowering more stakeholders in Nigeria’s MSMEs space,” Ehimuan added.

Paylink.NG is a secure and seamless solution that helps individuals, MSMEs, religious organisations, not-for-profits, social media sellers, crowd funders, event planners, freelancers and others, to receive payments through multiple means, by sharing a customised link.


Enugu Artisan Expert

We want to partner with skilled artisans within Enugu

To become a Master Crafts Person and be part of the Enugu Skill Up Project under the ZERO interest Human Development Loans (HCDL)

Do you have experience in POP Installation? Do you want to be paid for teaching apprentices?

READ ALSO: Here are banks that pay higher interest for your savings

If YES, kindly register here:
To become a Master Crafts Person and be part of the Enugu Skill Up Project under the ZERO interest Human Development Loans (HCDL)

Or visit ENUGU SME CENTER at No. 2a Market Garden Avenue by Ebeano Tunnel Round-about, GRA, Enugu, for manual registration.

Ndi-Enugu, get paid while sharing your knowledge as Mastercaft Persons. We also need ‘Experts’ in the fields listed below to train apprentices and get paid!!!

Electrical Installation,
Drywall and Painting,
Solar –Inverter Installation & Maintenance,
Wallpaper Installation,
POP Installation and Wall Screeding
Concrete Construction Work, etc.

If you are interested, kindly see the registration details above.


AFCFTA: DBN gives first tranche of N1 billion MSMEs fund to LivingTrust Mortgage Bank

The aforementioned reforms and policy interventions provide the needed environment for small businesses in Nigeria and the coming of the AfCFTA could not have been at a better time.

Independent of the AfCFTA, the Federal Government of Nigeria has in recent times embarked on some far-reaching reforms aimed at enhancing ease of doing business both for the Small and Medium-sized Enterprises (“SMEs”) and across other strata of business in Nigeria.

READ ALSO: Excitment as FG credits Nigerian man under Survival Fund program.

Some of these reforms can be seen in the areas of policies, laws, business formation and registration, post-incorporation filings and taxation.

Two of the legislative instruments which are critical to these reforms deserve some mention here:

Companies and Allied Matters Act, 2020 (CAMA, 2020)

The signing of CAMA, 2020 into law by President Muhammad Buhari on 7th August 2020 came as a very cheering news to the SMEs community.

Some of the provisions which impact directly on SMEs include but not limited to the following

(i) a single member/shareholder for a private company

(ii) minimum share capital in place of authorized share capital. This allows promoters of business to pay for only shares that are needed at the point of incorporation;

(iii) exemption of SMEs, small companies or companies with single shareholders from the requirement of appointing Auditors to audit their financial records

(iv) filing, share transfer and meetings can be done electronically by private companies

(v) Statement of compliance which was hitherto signed by legal practitioners can now be signed by the business owner or his agent

(vi) introduction of Limited Partnerships and Limited Liability Partnership thereby providing options for promoters who may want to incorporate partnership instead of limited liability companies

(vii) Appointment of company secretary now optional for private companies

(viii) AGMs and other company meetings can now be held virtually, amongst other reforms.

Finance Act, 2020

Complementing the reforms under the CAMA 2020 is the Finance Act.

Enacted first in 2019, the Act was further expanded and re-enacted to among other things address the negative impacts of COVID 19 on small businesses and this led to the new Finance Act, 2020.

The new Finance Act was signed into law on 31 December 2020 and took effect from 1st January 2021.

It introduced over 80 amendments to 14 different laws such as the Personal Income Tax Act, Companies Income Tax Act, Capital Gains Tax Act, Value Added Tax Act, Customs & Excise Tariff Act, Tertiary Education Trust (TET) Fund Act, Fiscal Responsibility Act, Public Procurement Act, CAMA, Nigerian Export Processing Zone Act and Oil and Gas Export Processing Free Zone Act.

SMEs are expected to take advantage of the incentives provided under the new Act.

SMEs with a turnover of less than N25 Million are exempted from Companies Income Tax and TET tax amongst other incentives.

SMEs engaged in primary agricultural production are qualified for pioneer status for an initial period of four years and an additional two years.

MSME Survival Fund

In a bid to ameliorate the impact of COVID-19 on small businesses, the Federal Government of Nigeria launched the N75 Billion Survival Fund for Micro, Small and Medium Enterprises (MSME).

The Fund which was touted as part of the economic sustainability Plan of the Federal government is meant to support small businesses to meet basic operational needs and provide funding in order to boost the production capacity of MSMEs in Nigeria.


The aforementioned reforms and policy interventions provide the needed environment for small businesses in Nigeria and the coming of the AfCFTA could not have been at a better time.

The critical question remains, how SMEs can leverage the opportunities provided under the AfCFTA to scale up their operations.

SMEs are often considered the economic backbones particularly in developing countries as they account as major contributors to the GDP and in the area of job creation.

Nigeria has a vibrant SME ecosystem. Out of the 95 Million SMEs in Africa, over 45 Million of them are in Nigeria.

Thus, on the continent Nigeria plays a huge role, accounting for close to 50% of SMEs.

In terms of economic impact, SMEs contribute 48% of national GDP in Nigeria, make up the 96% of businesses and contribute 84% of employment.

Despite the contribution to the economy, SMEs in Nigeria in particular, have continued to grapple with the challenges of high cost of capital and lack of access to funding as well the inability to compete globally.

Due to the largely informal nature of SMEs in Nigeria, obtaining data for the purpose of planning has also been difficult.

On this, the role of Small & Media Enterprises Development Agency of Nigeria (SMEDAN) in amongst other things, formalization of SMEs in Nigeria should be encouraged.


Ndi E nugu

Ndi-Enugu: Registration for Enugu Skillers Associates

Ndi-Enugu! Do you know you can get paid from sharing your wealth of experience? If you are an expert in any of the listed fields below,

READ ALSO: SME: Gender Bias and Inequality taken Seriously?

Kindly register here:
To join the ENUGU SKILLERS ASSOCIATES (ESA) and be part of the Enugu Skillers Project under the ZERO interest Human Development Loans (HCDL)

Or visit ENUGU SME CENTER at No. 2 Market Garden Avenue by Ebeano Tunnel Round-about, GRA, Enugu.

Electrical Installation,
Drywall and Painting,
Solar –Inverter Installation & Maintenance,
Wallpaper Installation,
POP Installation and Wall Screeding
Concrete Construction Work, etc.


EnuguSkillUp #GburuGburuIsSME #Humancapital

Artisans #MSE #Smallbusiness

The building and construction industry is a fast-growing sector and one of the most important industries in the Nigerian economy, Over the last decade, several changes have occurred in Nigeria, which has helped all sectors of the economy, especially the building & construction sector. With double-digit growth rates in the last 3 years, the construction industry has outgrown all other sectors of the Nigerian economy. The Industry accounted for 4 percent of the Country’s total GDP of N27.22 trillion Naira in Q2 2017. Despite its impressive performance, the industry faces a significant number of challenges including the lack of local skilled labor. The Enugu state government is positioning Enugu youths to take advantage of the opportunity by equipping the youths with high demand skills in the construction industry to fill the skills gap and secure employment;

MSMEs women

Govt. Cushioning the Effects of COVID-19 on MSMEs

How the Nigerian Government is Cushioning the Effects of COVID-19 on MSMEs

The negative impact of the COVID-19 pandemic, particularly on Micro, Small and Medium Enterprises has been overwhelming.

READ ALSO:Digital identity policy key to driving insurance growth

According to research, over 90% of business owners agreed that they were adversely affected. Their cash flow, sales, revenue and salaries/wages took the biggest hit.
While a number of medium and small scale business owners are struggling to keep their heads above water, the resultant effect for the others is devastating. With fast depleted fund reserves, most businesses are forced to close. Employees are laid off, and business owners, disgruntled. Over 82.8 percent of businesses are likely to lay off one to five employees.

MSMEs play a pivotal role in Nigeria’s economic development. They are responsible for over 84 percent of job creation in the country. Therefore, a continuous decline in their sales and profit may trigger a major unemployment crisis in the country.
In order to mitigate such occurrence, the Federal Government introduced the MSME Survival Fund. It is a N75 billion conditional grant to support micro and small enterprises and safeguard jobs in the MSMEs sector. Launched in September, 2020, the Fund is a part of ₦2.3 Trillion stimulus package, known as the Nigerian Economic Sustainability Plan (NESP).

The MSME Survival Fund Scheme has the following categories:
• Payroll Support: assist vulnerable MSMEs in meeting payroll obligations of between ₦30,000 – ₦50,000 per employee over 3 months.
• Artisans/Transport Workers Support: provide artisans and transport business operators with ₦30,000.
• Guaranteed Off-take Scheme: Bulk purchase of products from MSMEs to protect jobs and livelihood.
• General Grant: Support the survival of 100,000 MSMEs most affected by the COVID-19 pandemic.
• Formalization Support: Provide free CAC Business Name registration for 250,000 new businesses.

The program actively promotes gender inclusion – with 45% of the fund going to women-owned businesses.
Since the start of the program till date, the MSME Survival Fund has achieved the following results:
• Provided Payroll Support of between ₦30,000 – ₦50,000 for 3 months to 320,678 employees from 64,395 companies across 36 states and the FCT.
• Given one-time grant of ₦30,000 to 96,157 artisans and transport workers in 36 states and the FCT.
• Provided free business registration with CAC for 140,531 bMSMEs across the country.
Several beneficiaries across the country are thankful to the government for providing this timely intervention.

Mrs Nwodo Uche, the CEO of Andertek Global Roofing Ventures in Lagos State had this to say: “When one of our staff received her first payment from the Payroll Support, she was so elated because we had not been able to pay salaries for some months. It was really a welcome relief for us as a business and for our employees. The payments our staff received for three months seriously helped to cushion the effects of the pandemic. Our gratitude goes to the Federal Government for remembering small businesses in these trying times.”

Mallam Usman Ibrahim who is into fruit production in Kano State shared his experience: “I heard about the Survival Fund from one of my friends. I had to ask one of my staff to help us apply online and upload all our documents. I had ten employees before but I had to downsize to five, due to the effects of COVID-19. When we received our first payment in November, all my staff were so happy. We continued to receive the payments in December and January. It has helped us so much. Sales has now picked up this year and we can now afford to pay our staff again. I am grateful to the government for helping us, just at the time we needed it.”

Mrs Victoria Jashi, the head of Goodnews School in Gombe State was effusive in her praise for the government’s timely intervention: “We really thank the Federal Government for their help. Schools were not open for a long time and it affected our ability to pay salaries. The Payroll Support allowed us to register 10 employees which is the maximum per organization, although we had a staff strength of 52 employees. Every month that we received the payroll support, we brought all the funds together and shared it among all the staff. We just wanted everyone to partake of the benefits.”


Small businesses

Small businesses get N53b to create 1 million jobs

The Bank of Industry yesterday disclosed that it had  disbursed N53 billion to Micro, Small and Medium Enterprises (MSME), thereby creating jobs for about one million Nigerians.

READ ALSO: Price of petrol could rise as uncertainty looms in the global market

BOI’s Executive Director, Micro-Enterprise Directorate, Mrs. Toyin Adeniji, made this known during the graduation of the first batch of the participants of the Post-COVID-19 Economic Strategy Pilot Training Programme at the   Local Government Service Commission office, in Abere, Osogbo.

Adeniji said: “We have disbursed over N53 Billion to MSMEs in different sectors, thereby facilitating the creation of an estimated one million direct and indirect jobs.

“BOI provides subsidised loans to MSMEs at a single digit all-inclusive interest rate, which has helped to stimulate economic activities in the MSME sector.

Osun State Governor Adegboyega Oyetola said his administration had adopted a proactive strategy to stimulate the economy of the state which hitherto was adversely affected by COVID-19.

He also presented cash seed loans to 2,000 successful trainees of the Skills Upgrade and Entrepreneurship Training Programme.

Oyetola added that his administration had put in place, a workable strategy and   measures by making skill upgrade training, a priority in its 2020 budget as part of efforts to cushion the effects of the  global economic downturn and prepare for the worst circumstances that might arise.

The governor noted that the programme was designed to generate 15,000 direct and indirect sustainable job opportunities for the people annually.

He said his  administration had set aside ¦ 100 million for disbursement to beneficiaries of the scheme as seed loans of ¦ 100,000 only to each participant.

His words: “As an institution charged with providing security and welfare for citizens, our government, on coming to office two years ago during the world economic downturn adopted a proactive strategy to prepare for the situation and the worst circumstances that might arise.

“Under the Skills Upgrade training programme, we were able to re-focus, re-engineer and expand the scope, knowledge and relevance of artisans and people who lost their jobs to make them relevant under the new normal orchestrated by Covid-19.”

The Commissioner for Commerce, Industries, Cooperatives and Empowerment, Bode Olaonipekun, said the programme was put together by the government as part of efforts to address the adverse effects of the COVID-19 pandemic and ameliorate the disruptions to the livelihood of citizens.

He said 2, 000 participants were all trained in 15 different types of skills and empowered with startup loans to support their businesses.