In a major boost to the Enugu SME community, the Enugu State Government has signed a monumental 1 Billion Naira Matching Fund Program aimed at propelling MSMEs and startups in the state.
The program, a collaboration between the Enugu State Government and SMEDAN, is set to disburse Conditional Cash Grants to over 5,000 MSMEs in Enugu. Beyond the financial injection, the initiative includes provisions for skill acquisition, start-up loans, and the establishment of modular industrial estates, promising comprehensive support for the thriving SME landscape.
To seize this opportunity, SMEs are encouraged to participate in the MSMEs Data Collection Exercise by registering their businesses at www.enugusme.en.gov.ng/msmedata/. This streamlined process ensures efficient communication and outreach.
Enugu State Governor, Barr. Peter Mbah Mbah, expressed the government's commitment to fostering a flourishing SME ecosystem. He highlighted that the N1 Billion Matching Fund Programme is a groundbreaking initiative poised to empower small and medium-sized enterprises, paving the way for their sustained growth and success.
This collaborative effort between Enugu State and SMEDAN signifies a multifaceted approach to uplift the SME sector, encompassing skill development, startup support, and the establishment of modular industrial estates. These initiatives align with the shared goal of propelling Enugu State's economic development through a robust SME framework.
As the state charts a course towards a prosperous future for businesses, stay tuned for more updates on the unfolding success story of Enugu's SMEs.
