By Peter Omopo
Akure, Ondo State – August 5, 2025
The Federal Government has disbursed ₦250,000 unconditional grants to select outstanding Micro, Small, and Medium Enterprises (MSMEs) in Ondo State, as part of its ongoing nationwide empowerment drive for small businesses under the Renewed Hope Agenda.
The announcement was made during the 7th Expanded National MSME Clinics held in Akure, the state capital, on Tuesday. The event brought together business owners, government agencies, and development partners focused on accelerating the growth of small enterprises across the country.
Speaking at the event, the Federal Government representative emphasised that the grants were not loans, but outright support from the Nigerian people through their government to the “champions of local industry.”
“This is a gift. A way of saying: we see you, we value you, and we believe in your journey,” the representative said.
The MSME Clinics, a flagship initiative of the Federal Government, is designed to connect small businesses with regulatory agencies, provide mentorship, and ease access to funding and technical support.
According to the statement, the initiative is in line with President Bola Ahmed Tinubu’s Renewed Hope economic policy, which places the growth of MSMEs at the heart of national development.
“Nigeria’s national prosperity is entwined with the success of MSMEs. The nation cannot grow its economy without empowering them,” the representative added.
Beneficiaries at the event expressed gratitude for the government’s support, describing the grant as timely and impactful for business sustainability and expansion.
The Akure clinic marks another milestone in the series of MSME-focused interventions being rolled out nationwide to stimulate local production, job creation, and inclusive economic growth.
