According to vice president Kashim Shettima, the federal government will ensure that small enterprises in Nigeria have easy access to loans at interest rates in the single digits.

To commemorate World Micro, Small, and Medium Businesses (MSME) Day in 2023, the vice president made this commitment in a message on Tuesday.

He claimed that the federal government was aware of the effects that the elimination of gasoline subsidies would have on MSMEs and was striving to remedy it.

“On this World MSME Day, the government of President Tinubu recognises the vital role that MSMEs play in driving economic growth, creating jobs, and promoting innovation.

“We remain committed to providing support, fostering an enabling environment, and improving access to finance for MSMEs, especially in these unprecedented times.

“We urge all stakeholders to come together to champion the growth and success of MSMEs to achieve sustainable development for all.

“We also recognise the plethora of issues that face MSMEs as a result of the subsidy removal.

“However, the government is working urgently to ensure quick access to single-digit loans for Nigerian small businesses within the shortest time possible.

“Please note that the president is your partner and here to make life easier for your businesses.

“Happy MSMES Day,” he said.

(NAN)