Exhibitors At Ogun MSME Clinic Get N150,000 Cash Reward, 200 Others Get N100,000 At Adire Market
The Federal Government has announced a N150,000 cash reward for every exhibitor at the second edition of the National Micro, Small, and Medium Enterprises (MSME) Clinic at Asero in Abeokuta, the Ogun state capital.
Also, each of the over 200 owners of newly refurbished stores at the modern Adire shared facility at the Asero Adire Market, Abeokuta, will receive a grant of N100,000.
200 newly refurbished stores in the market were also handed over for use to 400 entrepreneurs in the market.
Vice President Kashim Shetimma announced the federal government’s package while inaugurating the second edition of the expanded National MSME Clinic on Tuesday in Abeokuta.
He adds that the 400 entrepreneurs would be allowed to use the 200 stores free of charge for one year, after which they will be charged discounted rates for the use of the stores.
Apart from the immediate grants, Shettima said the exhibitors at the clinic would provide an opportunity to register at the Corporate Affairs Commission and get their certificates within a day.
Shettima said the expanded clinic would serve as a lifeline for entrepreneurs in Ogun state and Nigeria.
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According to the vice president, Ogun state is not only Nigeria’s industrial hub but also a committed supporter of efforts of the federal government to support entrepreneurs.
Also speaking, the host Governor, Prince Dapo Abiodun, said his administration has launched the Small and Medium Enterprises Industrial Land Acquisition Scheme (SILAS), stating that the scheme is a 1,000 hectares industrial hub provided with needed amenities like good roads, power, among others.
According to the Governor, the SME Park which will cover agro-allied, agro-processing, and home and personal care building materials and chemicals, food processing aimed at providing incentives to SMEs way below the market rate.
He listed other benefits of the park as rebates on taxes and levies such as land use charges, building permits, and land processing fees, this park.
To support the federal government in repositioning the nation’s economy, Governor Abiodun said the state would offer incentives like conditional grants of N100,000 to 10,000 MSMEs, N500,000 given to 2,000 SMEs, and N50,000 to 5,000 market women in the state.
In his welcome address, the State Commissioner for Industry, Trade, and Investment, Mr. Adebola Sofela, maintained that the clinics were meant to address the challenges facing small and medium enterprises in the state to find solutions to them.
