The Federal Government of Nigeria has launched a program offering 250,000 free business name registrations to eligible entrepreneurs nationwide, aiming to support the growth and development of Micro, Small and Medium Enterprises (MSMEs).

Under the Nigeria Industrial Policy (NIP) 2025, the Federal Government is prioritizing Micro, Small and Medium Enterprises (MSMEs) with low-cost financing and preferential government procurement to drive industrialization.

Since financial readiness is the missing link when it comes to developing Micro, Small and Medium Enterprises (MSMEs), we need to figure out who needs to act and how.

eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises (MSMEs) through digital payment solutions, deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has introduced the Grow Fund for Small Businesses in Nigeria, a N500 million zero-interest fund aimed at supporting Micro, Small and Medium Enterprises (MSMEs) across the country.

The Nigerian Federal Government has captured over 500,000 Micro, Small and Medium Enterprises (MSMEs) in a national database as part of efforts to strengthen industrial development and competitiveness. More than N600 billion has been disbursed through the Bank of Industry to support these businesses.

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has voiced concern regarding the low engagement of Micro, Small and Medium Enterprises (MSMEs) in government support initiatives, despite significant interventions.