{"id":68774,"date":"2021-08-09T14:56:01","date_gmt":"2021-08-09T13:56:01","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=68774"},"modified":"2021-08-09T14:56:01","modified_gmt":"2021-08-09T13:56:01","slug":"afdb-to-support-tech-based-msmes-with-500m-osinbajo","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/08\/09\/afdb-to-support-tech-based-msmes-with-500m-osinbajo\/","title":{"rendered":"AfDB to support tech-based MSMEs with $500m &#8211; Osinbajo"},"content":{"rendered":"<p>Professor Yemi Osinbajo, Nigeria&#8217;s vice-president has stated that the African Development Bank (AfFB) has accepted to support micro, small and medium enterprises (MSMEs) in Nigeria especially technology-based ones with $500 million.<\/p>\n<p>This was made known on Sunday by Osinbajo at the\u00a033rd inaugural lecture of Babcock University in Ogun state.<\/p>\n<p>He said that one of the things the federal government did to support small businesses during the outbreak of <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/09\/covid-19-fg-announces-date-for-phase-2-vaccination\/\">COVID-19<\/a> was the introduction of the N75 billion MSMEs survival fund.<\/p>\n<p>\u201cThe MSMEs survival fund gave almost a million businesses support after the pandemic,\u201d NAN quoted him as saying.<\/p>\n<p>\u201cWe paid three months salary of several of the MSMEs, especially private schools such as-private primary schools, private secondary schools; we paid for teachers and also for several other businesses.<\/p>\n<p>\u201cI think the statistics will be useful, especially as you further research and work; and so much have been done.<\/p>\n<p>\u201cBut as I keep saying, it is a large country; a very big country; in order to deal with all those issues and in order to support more businesses in a way that they ought to be supported, a lot more money is needed.<\/p>\n<p>\u201cAnd just one final point on that, the AfDB has agreed to support the government with 500 million dollars for MSMEs in technology in particular; so, we think this is something that will be very helpful in addition to the N75 billion, which the government has set aside for young people in small businesses.\u201d<\/p>\n<p>He noted that the support given to MSMEs had brought hope, jobs and opportunities.<\/p>\n<p>According to him, support for small businesses must continue as they are the future of the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professor Yemi Osinbajo, Nigeria&#8217;s vice-president has stated that the African Development Bank (AfFB) has accepted to support micro, small and medium enterprises (MSMEs) in Nigeria especially technology-based ones with $500 million. This was made known on Sunday by Osinbajo at the\u00a033rd inaugural lecture of Babcock University in Ogun state. He said that one of the [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":3116,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[15342,2677,9048,805],"class_list":["post-68774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-500-milliin","tag-afdb","tag-msmes","tag-yemi-osinbajo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AfDB to support tech-based MSMEs with $500m - Osinbajo<\/title>\n<meta name=\"description\" content=\"Professor Yemi Osinbajo, Nigeria&#039;s vice-president has stated that the African Development Bank (AfFB) has accepted to support micro, small and medium enterprises (MSMEs) in Nigeria especially technology-based ones with $500 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/09\/afdb-to-support-tech-based-msmes-with-500m-osinbajo\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB to support tech-based MSMEs with $500m - Osinbajo\" \/>\n<meta property=\"og:description\" content=\"Professor Yemi Osinbajo, Nigeria&#039;s vice-president has stated that the African Development Bank (AfFB) has accepted to support micro, small and medium\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/09\/afdb-to-support-tech-based-msmes-with-500m-osinbajo\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-09T13:56:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/03\/ify-davies\/2021\/03\/06\/osinbajo-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OChocomilo\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sodiq Lawal Chocomilo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/08\\\/09\\\/afdb-to-support-tech-based-msmes-with-500m-osinbajo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/08\\\/09\\\/afdb-to-support-tech-based-msmes-with-500m-osinbajo\\\/\"},\"author\":{\"name\":\"Sodiq Lawal Chocomilo\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/db8593431a99b3751c40316ba4b4a452\"},\"headline\":\"AfDB to support tech-based MSMEs with $500m &#8211; 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