Borno State Governor Babagana Zulum approved a N1 billion grant to support 9,403 MSMEs in Biu and Hawul Local Government Areas. This initiative focusses on economic empowerment, job creation, and poverty reduction.
Borno State Governor Babagana Zulum has sanctioned a N1 billion grant aimed at bolstering 9,403 Micro, Small, and Medium Enterprises (MSMEs) located in the Biu and Hawul Local Government Areas. This program forms part of a larger economic empowerment strategy designed to uplift local enterprises.
The funding is targeted at enhancing the operational capacity of these businesses, fostering job creation, and contributing to poverty reduction efforts in the region. Through this initiative, the state government intends to create a sustainable environment for economic growth among local entrepreneurs.
The grant aims to provide much-needed support to the MSMEs, encouraging innovation and entrepreneurship within the local populace. This initiative reflects the government’s dedication to strengthening the local economy and facilitating youth employment opportunities.
In conclusion, Governor Zulum’s N1 billion grant for MSMEs marks a significant effort to enhance economic stability in Borno State. By targeting local businesses, the initiative is expected to create jobs and alleviate poverty in the region, fostering a sustainable business environment.
Original Source: nextbillion.net
