On Tuesday 21st of November, the Vice President of Nigeria, Prof. Yemi Osinbajo, commissioned the opening of the Bureau of MSME in Kwara State. The Bureau is said to house , in a single location, all agencies related to MSME activities, such as Corporate Affairs Commission (CAC), The National Agency for Food and Drug Administration (NAFDAC), Nigerian Export Promotion Council (NEPC),Bank of Industry (BOI), and others.
The event, which took place at the Ministry of Commerce and Cooperative, had various small and medium scale enterprises in attendance who were given orientation on the process involved.
The orientation was based on enlightening people on the process of loan application of up to 50,000 Naira for 6 months and repay 52,500 Naira. (1.5% interest).
Also in attendance were various industries to help the Ministry of Small and Medium Enterprises (MSME)