Borno to Award N300,000 Grants to Outstanding Entrepreneurs

In a major boost to entrepreneurship in Borno State, President Bola Tinubu has announced an unconditional grant of ₦300,000 to outstanding entrepreneurs participating in the 6th Expanded National MSME Clinics and Fashion Hub event held on Tuesday. The announcement was made by Vice President Kashim Shetima, who represented the president at the opening of the event at the Government House in Maiduguri.

Shetima expressed that the grant will provide vital support to small and medium enterprises (SMEs) and help ensure the continued growth and sustainability of these businesses in the state. He emphasized that the grants are non-repayable, affirming the Federal Government’s commitment to the success of small businesses in the region, particularly those in Borno.

“The grant will be awarded to each outstanding MSME exhibiting at today’s clinic,” said Shetima. “It is part of our broader efforts to promote entrepreneurship and foster the growth of MSMEs across the country.”

The Expanded National MSME Clinics are a key initiative aimed at providing critical support to micro, small, and medium enterprises (MSMEs) by offering training, funding, and access to resources that can help businesses grow and thrive. The Borno State clinic is part of the nationwide effort to extend these services to all parts of the country, particularly regions that have faced unique challenges such as Borno, which has been dealing with the impact of insurgency over the past years.

In addition to the grant announcement, Vice President Shetima also highlighted the newly inaugurated Borno State Fashion Hub, which he described as a significant step in boosting the MSME ecosystem in the state. The fashion hub is expected to create up to 48,000 jobs annually, making it one of the largest and most important initiatives in the country aimed at developing the fashion industry. The hub is fully equipped with state-of-the-art facilities designed to support the fashion manufacturing cluster in the state and stimulate job creation within the sector.

“This hub is among the largest ever established by the Federal Government and will serve as a catalyst for the growth of the fashion industry in Borno,” Shetima remarked, stressing its potential to foster both local and national economic growth.

Borno State Governor, Babagana Zulum, who was also present at the event, shared his administration’s commitment to supporting small and medium-scale businesses in the state, especially given the challenging economic landscape and the lasting effects of insurgency. Governor Zulum acknowledged the hardships faced by MSMEs in Borno, emphasizing that the MSME Clinic would play a crucial role in revitalizing local businesses, boosting employment, and providing new income-generating opportunities for the people of the state.

“The MSME Clinic will revitalize business activities in Borno State, create employment opportunities, and increase income sources for our people,” said Zulum. He also outlined several initiatives launched by his administration to support local entrepreneurs, including the disbursement of soft loans, the construction of modern markets, the establishment of vocational training institutions, and the renovation of skill acquisition centres that were damaged during the insurgency.

Governor Zulum also encouraged entrepreneurs and business owners to fully utilize the resources offered at the MSME Clinic, including the grants and training, to enhance their skills, expand their businesses, and explore new opportunities for growth.

The MSME Clinic in Borno is seen as a key strategy to revitalize the state’s economy and offer business owners the tools and resources needed to thrive in a challenging environment. The Borno government, alongside the Federal Government’s efforts, aims to create a more resilient and self-sustaining business community in the region.

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