• About
  • Advertise
  • Contact
Friday, October 31, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Dangote, BOI Float N5bln Fund To Grow MSMEs In Nigeria

Vital News by Vital News
May 13, 2025
in Business, Economy
0
Dangote, BOI Float N5bln Fund To Grow MSMEs In Nigeria

From Right : General Manager, Community Relations, Nasarawa Sugar Company Limited(NSCL), Rilwan Abdullahi; Regional Manager, Middlebelt, Dangote Fertiliser Limited, Wilson Kolawole; Permanent Secretary Ministry of Trade, Industry and Investment, Nasarawa State, Khadija Oshafu Nuhu; Dangote Group’s National Assembly Lead, Dr Shuaibu Abdullah;i and State Liaison Officer, Abdulrazak Sambajo, at the ongoing 2025 Nasarawa Trade Fair Exhibition in lafia at the weekend.

Share on FacebookShare on Twitter

The Aliko Dangote Foundation and the Bank of Industry (BoI) have entered into a Memorandum of Understanding (MoU), leading to the establishment of a N5 billion fund dedicated to supporting micro, small, and medium enterprises (MSMEs) across Nigeria.

Fatima Wali-Abdurrahman,
Senior Adviser to the President of Dangote Group, disclosed this at the Dangote Special Day at the ongoing 2025 Nasarawa Trade Fair Exhibition in Lafia.

According to her, this
initiative aimed to create at least one million direct jobs by providing financial support to entrepreneurs engaged in manufacturing, agro-processing, and the merchandising of goods made wholly in Nigeria.

She said the participation of the Dangote Industries Limited (DIL) and partnership with the Nigeria Association of Small-Scale Industrialists (NASSI), Nasarawa State Chapter, will help create awareness and scale up small businesses.

The Senior Adviser, who was represented by Hon. Dr. Shuaibu Abdullahi, the company’s National Assembly Liaison Lead, said Dangote Group will continue to partner government and private sectors to develop small businesses.

RelatedStories

Nigeria 54.1% FMCG Growth Confirms Rise In Purchasing Power, Decline In Poverty Rate – TDF ‎

Dangote Cement Reinforces Commitment To Education, Donates Materials To Public Schools In Lagos

President Tinubu Appoints Kwara Governor Chairman Of Committee On Renewed Hope Ward Development Programme

Dangote Cement Records ₦743.3 billion Profit After Tax In Nine Months, Achieves 165% Growth In EPS

She said: “I am pleased to inform you that in alignment with theme of this year’s Trade Fair, the Aliko Dangote Foundation and the Bank of Industry (BoI) had entered a Memorandum of Understanding (MoU) and established a N5 billion fund dedicated to supporting micro, small, and medium enterprises (MSMEs) across Nigeria.

“This initiative aimed to create at least one million direct jobs by providing financial support to entrepreneurs engaged in manufacturing, agro-processing, and the merchandising of goods made wholly in Nigeria.”

She added that the MoU, which benefitted micro-enterprises included : cassava processors, aluminum artisans, poultry farmers, calabash carving groups, small traders, cattle rearing groups, vegetable sellers, market women and artisan groups, among others.

She said as part for its support for Small and Medium Scale Enterprises (MSMEs) in Nigeria, the company had supported Jakura Marble Industry Ltd (JMIL) in electrification.

She added that in line with the company’s commitment to supporting small businesses, agriculture, and job creation in Nigeria, Dangote Fertiliser Limited had initiated a comprehensive training programme, targeting over one million farmers across the country.

From Right : General Manager, Community Relations, Nasarawa Sugar Company Limited(NSCL), Rilwan Abdullahi; Regional Manager, Middlebelt, Dangote Fertiliser Limited, Wilson Kolawole; Permanent Secretary Ministry of Trade, Industry and Investment, Nasarawa State, Khadija Oshafu Nuhu; Dangote Group’s National Assembly Lead, Dr Shuaibu Abdullah;i and State Liaison Officer, Abdulrazak Sambajo, at the ongoing 2025 Nasarawa Trade Fair Exhibition in lafia at the weekend.

“This programme, integral to our agricultural extension services, encompasses Spot Demonstrations, Result Demonstrations, Field Demonstrations, and Soil Sample Collections.

“The training is designed to educate farmers on best practices in fertiliser application, aiming to enhance crop yields and promote sustainable farming techniques.

“By providing hands-on demonstrations and soil analysis, we strive to empower farmers with the knowledge and tools necessary to improve their productivity and livelihoods.

“This programme shows our dedication to fostering agricultural development and economic growth in Nigeria.”

According to her, the company’s support for fostering economic development through mineral and agricultural cottage Industrialization are numerous.

“May I also inform this esteemed audience that our sponsorship of numerous Trade Fairs—including this one organized by the Nigerian Association of Small-Scale Industrialists (NASSI)—is a key component of our commitment to fostering the growth of trade and small businesses across Nigeria.

“By supporting this Trade Fair, we aim to provide micro, small, and medium enterprises (MSMEs) with platforms to showcase their products, network with potential partners, and access new markets, thereby contributing to the nation’s economic development.

“As a company, we are therefore joining NASSI and NACCIMA to call on the public and private sector stakeholders to prioritize MSMES in Nigeria.

“This is key to our industrialization effort in Nigeria,” she explained.

According to her, some of the Strategic Business Units that are participating from the Dangote Group are: Dangote Fertiliser Limited (DFL), Dangote Peugeot Automobiles Nigeria Limited (DPAN), Dangote SinoTruck, Dangote Sugar Refinery (DSR), Dangote Salt (NASCON) and Dangote Cement Plc.
(vitalnewsngr.com)

Tags: DangotefundMSMEsNasarawatrade
Previous Post

Lagos Attracts Over N1 trillion Investment In One Year – Official

Next Post

$50million Beverages Company To Berth In Ogun

Vital News

Vital News

RelatedStories

Yelewata Masacre : President Tinubu To Visit Benue State June 18
Economy

Nigeria 54.1% FMCG Growth Confirms Rise In Purchasing Power, Decline In Poverty Rate – TDF ‎

October 31, 2025
Dangote Cement Reinforces Commitment To Education, Donates  Materials To Public Schools In Lagos
Business

Dangote Cement Reinforces Commitment To Education, Donates Materials To Public Schools In Lagos

October 31, 2025
President Tinubu Appoints Kwara Governor Chairman Of Committee On Renewed Hope Ward Development Programme
Economy

President Tinubu Appoints Kwara Governor Chairman Of Committee On Renewed Hope Ward Development Programme

October 30, 2025
Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire
Business

Dangote Cement Records ₦743.3 billion Profit After Tax In Nine Months, Achieves 165% Growth In EPS

October 28, 2025
FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn
Economy

FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn

October 27, 2025
Next Post
$50million Beverages Company To Berth In Ogun

$50million Beverages Company To Berth In Ogun

Group Raises Alarm Over Menace Of Fake News, Deliberate Falsehood In Nigeria, Seeks Action Against Perpetrators

How Two Service Providers That Did Not Do Well By Uploading Improperly Messed Up UTME 2025 – Prof Is-haq Oloyede

How Two Service Providers That Did Not Do Well By Uploading Improperly Messed Up UTME 2025 - Prof Is-haq Oloyede

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Blame Governors, LG Chairmen For Poor Performance, Not Tinubu – APC Diaspora Chieftain To Nigerians

APC Clears Aiyedatiwa, 15 Others For April 20 Governorship Primary Election

2 years ago

Labour Party Unveils 1,234-Member Campaign Council For Peter Obi

3 years ago
Tinubu Appoints Dele Alake, Nuhu Ribadu, 6 Others Special Advisers

Abiodun Applauds Supreme Court’s Judgment, Says It Seals Unshakable Victory of President Tinubu

2 years ago
NDLEA Arrests Three Kano – based Drug Barons Behind Smuggling Of Cocaine To Saudi Arabia

NDLEA Arrests Three Kano – based Drug Barons Behind Smuggling Of Cocaine To Saudi Arabia

5 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

New Chief Of Army Staff Makes Strategic Changes, Appoints Senior Officers To Command And Staff Positions

President Tinubu Appoints Kwara Governor Chairman Of Committee On Renewed Hope Ward Development Programme

Nigerians Expect Results, Not Excuses, President Tinubu Tells New Service Chiefs, Decorates Them With New Ranks

Kogi Polytechnic Bursts Syndicate Behind Certificates, Statement Of Result Forgery, Deputy Registrar, Eight Others In Trouble

President Tinubu Approves 15% Import Duty On Petrol, Diesel

CSR : Mangal Industry Donates, Inaugurates Projects Worth N106million In Kogi Host Communities

Trending

PDP NEC Appoints Damagum As Substantive National Chairman, Zones Presidential Ticket To South
News

Court Stops PDP National Convention, Restrains INEC From Recognising, Monitoring Convention

by Vital News
October 31, 2025
0

A Federal High Court in Abuja, on Friday, restrained the Independent National Electoral Commission (INEC) from monitoring...

Yelewata Masacre : President Tinubu To Visit Benue State June 18

Nigeria 54.1% FMCG Growth Confirms Rise In Purchasing Power, Decline In Poverty Rate – TDF ‎

October 31, 2025
Dangote Cement Reinforces Commitment To Education, Donates  Materials To Public Schools In Lagos

Dangote Cement Reinforces Commitment To Education, Donates Materials To Public Schools In Lagos

October 31, 2025
New Chief Of Army Staff Makes Strategic Changes, Appoints Senior Officers To Command And Staff Positions

New Chief Of Army Staff Makes Strategic Changes, Appoints Senior Officers To Command And Staff Positions

October 31, 2025
President Tinubu Appoints Kwara Governor Chairman Of Committee On Renewed Hope Ward Development Programme

President Tinubu Appoints Kwara Governor Chairman Of Committee On Renewed Hope Ward Development Programme

October 30, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Court Stops PDP National Convention, Restrains INEC From Recognising, Monitoring Convention October 31, 2025
  • Nigeria 54.1% FMCG Growth Confirms Rise In Purchasing Power, Decline In Poverty Rate – TDF ‎ October 31, 2025
  • Dangote Cement Reinforces Commitment To Education, Donates Materials To Public Schools In Lagos October 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In