The Federal Government has announced that the most outstanding micro, small, and medium enterprise (MSME) in Nigeria will receive a house, store, and cash prize totaling N220 million in the 2025 National MSME Awards.
Apart from the grand prize, winners in other categories will each receive cash and property rewards worth N50 million. The selection process is expected to be rigorous, ensuring that only the best among thousands of applicants emerge victorious.
Entries for the online business pitch contest will open from March 7 to April 7, 2025, across 10 award categories. The 2024 edition attracted 70,000 entries, contributing to the government's job creation agenda.
Tola Adekunle-Johnson, Senior Special Assistant to the President on Job Creation and MSMEs, reaffirmed that the initiative aligns with President Bola Ahmed Tinubu's commitment to small business growth.
Minister of Finance, Wale Edun, disclosed that N55.657 billion was disbursed to manufacturers and MSMEs in 2024 as part of a N200 billion Presidential Intervention Fund to boost job creation.
Stakeholders, including the Standards Organisation of Nigeria (SON), NEXIM Bank, and Access Bank Plc, emphasized the importance of quality, regulatory compliance, and value addition in selecting winners.
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