81 Views

How Buhari Plans To Boost SMEs Through BIG Platform

World is set to assist the Federal Government to boost small businesses. Ministry of trade and investment says Small and Medium Enterprises will soon become better in productivity. The Buhari-led administration will focus on at least five areas of development.

The administration of President Muhammadu Buhari, through the Ministry of Industry, Trade and Investment has set machineries in motion to assist Small and Medium Enterprises (SMEs) in Nigeria, with the introduction of the programme themed- ‘Business, Innovation and Growth, BIG Platform.

The trade ministry informed that there is enough assistance coming from the World Bank. The ministry issued a statement on its website, seeking to grow SMEs in the country, along the lines of sales, in addition to creating jobs opportunities for the citizens. President Muhammadu Buhari The statement issued reads: “The Federal Ministry of Industry, Trade and Investment, (FMITI) with the support of the World Bank seek to grow small businesses in Nigeria.

These businesses will be boosted along the lines of sales and employment, so that we can eventually grow our economy and reduce our dependence on crude oil. “This initiative is called the Business, Innovation and Growth (BIG) Platform and it is operationalised in the Growth and Employment (GEM) Project.  “The FMITI and World Bank have identified five sectors that have high potential for growth in Nigeria; and these are the sectors that will be accessing the support the BIG Platform will be offering. The sectors include – Construction, Entertainment, Hospitality, Information and Communication Technology, ICT and Light Manufacturing (Including Agro processing).

ALSO READ  "We Don't Have Same Spiritual Understanding, You Can Never Interpret My Hillary Clinton Prophecy" - Prophet TB Fires Back

“The participating businesses will receive support in the following ways: Free Technical Assistance: Including training and consulting services and possibly; Grants: Available in 5 categories: Equity, Matching, Performance, Institutional, Innovative.”

While revealing how the people could register for the BIG Platform initiative, the statement further stated: “The steps to accessing this support is: Log on to the BIG Platform (www.bigportal.org.ng), create an account and register your business, Attend an induction workshop and Access the various services available on the BIG Platform.

“We welcome existing Nigerian businesses operating within the aforementioned sectors to register their business on the BIG Platform to benefit from this project.” As the federal government is trying to improve the economy on different frontiers, a ministerial technical audit committee set up to find out details of the contracts given out by the Ministry of Niger Delta between 2009 and 2015 stated that many of the contracts awarded by the ministry in the Niger Delta region had no positive effect on the lives of people in the area.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

What You Should Know About The Shaku Shaku Dance
Entertainment
17 views
Entertainment
17 views

What You Should Know About The Shaku Shaku Dance

PH - January 22, 2018

If you’re familiar with Nigerian music,  you’ll have noticed there is a long history of being able to make a hit musically when you have a good…

“I Can’t Hangout With Someone That Doesn’t Eat Amala” – Dj Cuppy
Entertainment
20 views
Entertainment
20 views

“I Can’t Hangout With Someone That Doesn’t Eat Amala” – Dj Cuppy

PH - January 22, 2018

Billionaire Daughter, DJ Cuppy, who recently went on Social media to complain about how she’s been battling with throat pain, has revealed the kind of people that…

See Inside Ex-President Jonathan’s Sitting Room In Abuja That Can’t Accommodate 10 People
Politics
21 views
Politics
21 views

See Inside Ex-President Jonathan’s Sitting Room In Abuja That Can’t Accommodate 10 People

PH - January 22, 2018

A retired Permanent Secretary and an associate of former President Goodluck Jonathan, Ambassador Godknows Igali, says the immediate past president may be the poorest former leader in…

See How Jim Iyke Rips Apart A Follower Who Urged Him To Marry
Entertainment
16 views
Entertainment
16 views

See How Jim Iyke Rips Apart A Follower Who Urged Him To Marry

PH - January 22, 2018

Nollywood Actor, Jim Iyke has lashed out at one of his followers who flogged him and urged him to marry asap, as age is not on his…

Simi Adeagbo, First African Female Skeleton Competitor in Winter Olympics featured in Nike’s “Forever First”
Featured
27 views
Featured
27 views

Simi Adeagbo, First African Female Skeleton Competitor in Winter Olympics featured in Nike’s “Forever First”

PH - January 22, 2018

Nike’s new short film ‘Forever First’ celebrates the power and mindset of Simidele Adeagbo, who is Africa’s first ever female athlete to compete in the winter sport…

SEE Photo Of Two Men Arrested With Counterfeit N8Million Cash In Niger State.
Shocking
23 views
Shocking
23 views

SEE Photo Of Two Men Arrested With Counterfeit N8Million Cash In Niger State.

MT - January 22, 2018

Following intelligence at the disposal of the Niger State Police Command in connection with the circulation of money suspected to be counterfeit, the operatives of the Command…

Goodluck Jonathan Is Broke, In Debts Over 2015 Election – Ex Diplomat, Boladei Igali Reveals
Politics
25 views
Politics
25 views

Goodluck Jonathan Is Broke, In Debts Over 2015 Election – Ex Diplomat, Boladei Igali Reveals

MT - January 22, 2018

While speaking during an interactive session with some journalists over the weekend in Abuja, former Career Diplomat and retired Permanent Secretary, Ambassador Godknows Boladei Igali, has said…

Relationship Expert, Joro Olumofin Shares 24 Qualities Of A Wife Material That Got Ladies Talking
Entertainment
26 views
Entertainment
26 views

Relationship Expert, Joro Olumofin Shares 24 Qualities Of A Wife Material That Got Ladies Talking

MT - January 22, 2018

Popular relationship expert, Joro Olumofi, has shared qualities of a wife material on his Instagram page. According to him, for men looking for wives, a lady must…

“Today Is A Very Special Day My Daughter”- Peter Okoye Celebrates Daughter, Aliona As She Turns 5
Entertainment
25 views
Entertainment
25 views

“Today Is A Very Special Day My Daughter”- Peter Okoye Celebrates Daughter, Aliona As She Turns 5

MT - January 22, 2018

Peter Okoye aka Mr. P and Lola Omotayo's daughter, Aliona turned 5-year-old today and the musician celebrated her via his Instagram page. "Today is a very special…

Meet The Soldier Who Ladies Love To Be Around With In Borno State. Photo
Inspiring
28 views
Inspiring
28 views

Meet The Soldier Who Ladies Love To Be Around With In Borno State. Photo

MT - January 22, 2018

An average Nigerian is always scared to come close to a soldier but this down-to-earth soldier who serves in Ngala of Borno – has won the hearts…

Why Rivers People Will Vote For Me In 2019 – Governor Wike
Politics
23 views
Politics
23 views

Why Rivers People Will Vote For Me In 2019 – Governor Wike

PH - January 22, 2018

Nyesom Wike, Governor of Rivers State, has said he would never ask people of the state to rig election in his favour. Speaking during a Thanksgiving service…

Inspiring: Meet The Lady Who Makes Furniture With Used Tyres Gotten From Dumpsites. [Photos]
Best of Nigeria
23 views
Best of Nigeria
23 views

Inspiring: Meet The Lady Who Makes Furniture With Used Tyres Gotten From Dumpsites. [Photos]

MT - January 22, 2018

This is really encouraging. Here’s an inspiring photo-story featuring a young entrepreneur who started making waves for herself during her teenage years. The young graduate of the…

Man Who Proposed To His Girl Friend At SARS Headquarters Finally Weds. [Photos]
Best of Nigeria
26 views
Best of Nigeria
26 views

Man Who Proposed To His Girl Friend At SARS Headquarters Finally Weds. [Photos]

MT - January 22, 2018

Last year December, A man proposed to his girlfriend of many years at the Special Anti-Robbery Squad SARS headquarters in Port Harcourt, Rivers state. The man proposed…

How Okada Rider Dumped His Wife And Got Married To Police Woman Who Helped Him
Romance and Love
32 views
Romance and Love
32 views

How Okada Rider Dumped His Wife And Got Married To Police Woman Who Helped Him

MT - January 22, 2018

A motorcycle operator identified as Essien has dumped Grace his wife of many years, and married a police woman who showed him love during his travail in…

Herdsmen Killings: ‘Why I’ll Hold Fulani Leaders Responsible For Any Attack’ – Gov. Fayose Sounds Warnings
Politics
45 views
Politics
45 views

Herdsmen Killings: ‘Why I’ll Hold Fulani Leaders Responsible For Any Attack’ – Gov. Fayose Sounds Warnings

MT - January 22, 2018

The outspoken Governor of Ekiti State, Ayodele Fayose, has sounded a warning to Serikin Fulani in the state, Muhammed Abashe, that he will be held responsible for…

Seven Banking Ideas For Students
Business
30 views
Business
30 views

Seven Banking Ideas For Students

MT - January 22, 2018

College season is near, which means that millions of freshmen from around the country will leave the snug confines of their childhood home for a room with…

Watch Banky W and Adesua Etomi at their Special Thanksgiving in England
Entertainment
33 views
Entertainment
33 views

Watch Banky W and Adesua Etomi at their Special Thanksgiving in England

PH - January 22, 2018

Arguably one of the biggest events last year, Banky W and Adesua Etomi‘s wedding, #BAAD2017, grabbed headlined for weeks on end in 2017 as the whole nation was practically watching in awe.…

“My Song ‘Science Student’ Is Not Encouraging Drug Abuse” – Olamide Responds To Critics
Entertainment
33 views
Entertainment
33 views

“My Song ‘Science Student’ Is Not Encouraging Drug Abuse” – Olamide Responds To Critics

MT - January 22, 2018

  Following thereactions that his recently released song, “ Science Student,” has sparked; Olamide has made a counter-reaction on Instagram. The musician took to Instagram to correct…

Loading...