In recognition of the role of the Ministry of Micro, Small and Medium Enterprises (MSMEs) in growing the nation’s economy, the Vice President, Senator Kashim Shettima, has announced the Federal Government’s plan to urgently ensure quick access to single-digit interest loans for Nigerian small businesses within the shortest time possible.

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The Vice President made the disclosure on Tuesday in a message to mark the 2023 World Micro Small and Medium Enterprises (MSMEs) Day.

According to him, “On this World MSME Day, the government of President Tinubu recognizes the vital role that Micro, Small, and Medium Enterprises (MSMEs) play in driving economic growth, creating jobs, and promoting innovation.

“We remain committed to providing support, fostering an enabling environment, and improving access to finance for MSMEs, especially in these unprecedented times.”

Shettima urged all stakeholders to come together to champion the growth and success of MSMEs to achieve sustainable development for all.

“While we also recognize the plethora of issues that face MSMEs as a result of the subsidy removal, however, the government is working urgently to ensure quick access to single-digit loans for Nigerian small businesses within the shortest time possible.

“Please note that Mr. President is your partner and here to make life easier for your businesses. Happy MSMES Day,” the VP stated.