By Egena Sunday Ode President
The federal government has launched one of Nigeria’s largest ultramodern fashion manufacturing hubs in Maiduguri, the Borno State capital with a target of generating over 48,000 jobs through the facility in the state.
In continuation of the disbursement of its N75 billion support package for Micro, Small and Medium Enterprises (MSMEs), the government also announced unconditional grants of N300,000 for outstanding MSMEs participating in the 6th Expanded National MSME Clinics programme.
Speaking on Tuesday when he launched the fashion hub and the Expanded MSMEs Clinic in Maiduguri, Vice President Kashim Shettima restated the commitment of the administration of President Bola Ahmed Tinubu to fostering innovation, upskilling the workforce, and ensuring equitable wealth distribution across the nation.
“The strength of any nation lies not in its natural resources but in the hands of its skilled and enterprising citizens. You are the surest means of distributing wealth equitably across the land. You are the crucial link to securing a prosperous future,” he declared.
The N75 billion MSME Intervention Fund is being administered through the Bank of Industry, offering loans up to N1 million at 9% interest to 75,000 businesses nationwide.
Announcing the N300,000 grant for each business owners, VP Shettima said, “I am pleased to announce on behalf of His Excellency, President Bola Ahmed Tinubu, that an unconditional grant of N300,000 will be awarded to each outstanding MSME exhibiting at today’s clinic”.
According to him, the intervention represents yet another fulfilment of the promise made by President Bola to provide access to capital and expand opportunities for all Nigerians.
“Every business empowered is a step closer to eradicating poverty, and we do not take for granted the critical role you play as the buffer of our economy, particularly at the informal level,” he added.
On the MSME Clinic, Senator Shettima explained that it provides “a unique platform for business owners, aspiring entrepreneurs, and innovators in Borno State to interact directly with regulatory agencies, financial institutions, and business support organisations.
“It is an avenue to receive practical, on-the-spot solutions to the challenges you face in running your businesses,” he pointed out.
The Vice President also announced the successful completion of the second cohort of the FGN-ALAT Digital Skillnovation Programme in Borno State, a partnership with Wema Bank that has trained over three million Nigerians in digital skills.
“The FGN-ALAT programme has trained over two million Nigerian youths and one million MSMEs in digital skills and resources critical for thriving in today’s technology-driven economy,” the VP noted.
He further stated that the fashion hub is among the largest ever established by the federal government, furnished with state-of-the-art equipment to support the fashion manufacturing cluster in Borno State.
He continued: “It has the capacity to boost production, achieve economies of scale, and align with global standards. We anticipate that this facility will be managed by a competent private sector entity, with federal and state governments providing vigilant oversight.
“Our vision is for this hub to become a reference point for excellence, enterprise, and training—not only for Borno State but for the entire nation.”
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