The House of Representatives Committee on Small and Medium Enterprises (SMEs) held a crucial meeting with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to discuss the implementation of key aspects of the presidential palliatives grants and loans. Led by Committee Chairman Mansur Soro, the team sought to assess the funding and disbursements made to relevant Ministries, Departments, and Agencies (MDAs).
The House Committee on SMEs has been actively engaging with top government officials, including the Minister of Industry, Trade and Investment, Mrs. Doris Anite, the Accountant-General of the Federation, Oluwatoyin Medein, and Charles Odii, the Director-General and Chief Executive Officer of the Small and Medium Enterprises Development Agency of Nigeria.
Highlighting the significance of SMEs development, Chairman Mansur Soro emphasized the committee’s commitment to effective oversight of SME activities and programs across various MDAs. The presidential palliative grants and loans, distributed in three tranches targeting nano businesses and manufacturers, are slated for imminent disbursement.
Initiated by President Bola Tinubu in July, these palliatives aim to alleviate the impact of the removal of the petrol subsidy on sectors such as agriculture, transportation, social safety, and SMEs. The House of Representatives, under the leadership of Tajudden Abbas, remains dedicated to fostering SME development, reflecting the nation’s broader commitment to supporting and empowering small and medium enterprises.