FG Launches Credit Scheme for 6,122 MSMEs in Nigeria
The Federal Government of Nigeria has unveiled a financial scheme designed to empower 6,122 micro, small, and medium enterprises (MSMEs) by providing them access to single-digit interest loans. This initiative was announced in Abuja and is a collaborative effort between the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
The program aims to inspire the creation and scaling of MSMEs, which are crucial for economic development. The scheme is part of the broader efforts to enhance the financial capabilities of small businesses in Nigeria, thereby fostering growth and sustainability in the sector.
Plus234Feed summary based on reporting from Hallmark News. Read the original report below.
Read full article
Continue on Hallmark News
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FG Launches Loan Scheme for 6,122 Nigerian Entrepreneurs
New N100m Loan Scheme for Nigerian Micro-Entrepreneurs
FG Opens N1bn MSME Grant Applications April 7, 2026
SMEDAN and Jaiz Bank Launch 'Grow Fund Scheme' for SMEs
FG Announces N1bn MSME Awards for 2026 in Nigeria
Nigerian Government Launches Zero-Interest Loan Program Up to N300,000 for Entrepreneurs
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
