• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Benue Partners World Bank to fund N500,000 Grants for SMEs

Blessing Joseph by Blessing Joseph
April 28, 2025
in Business, News
0
Benue Partners World Bank to fund N500,000 Grants for SMEs
Share

The Benue State Commissioner for Finance, Mr. Michael Oglegba, has revealed that over 4,000 small business owners have received ₦150,000 each under the Alia Cares Scheme to help expand their businesses.

Speaking during an interview with the News Agency of Nigeria (NAN) on Sunday in Makurdi, Oglegba explained that the initiative, funded by the state government with support from the World Bank, aims to stimulate economic growth across the state.

“So far, we have given more than 4,000 people a grant of ₦150,000 to inject into their small businesses and make a profit to expand,” he said. “This has been done across the state, and we are still receiving more requests.”

In addition to supporting small businesses, the scheme also targets larger enterprises. According to Oglegba, bigger businesses, such as salons, have benefited from grants of ₦500,000 each to enable them to grow and scale up their operations.

The commissioner emphasized that the agricultural sector is also a major focus of the scheme. Through the Fadama initiative, farmers receive direct interventions such as fertilisers, cassava stems, piglets for breeding, day-old chicks for poultry farming, and cassava processing machines.

“Those interested in piggery can get a female and male piglet to breed. Poultry farmers receive day-old chicks, and cassava farmers get cassava stems and processing machines,” Oglegba noted.

He added that these agricultural interventions are fully funded through combined contributions from the state government and the World Bank.

The Alia Cares Scheme also includes direct cash transfers to support the most vulnerable members of society. Oglegba said the programme identifies and provides monthly stipends of ₦10,000 to elderly citizens and the poorest of the poor, based on criteria set by the state’s social register.

“This programme runs for nine months to a year before we start with another set of beneficiaries, ensuring that support reaches as many vulnerable people as possible,” he explained.

Additionally, the scheme offers temporary employment opportunities for unemployed individuals, providing stipends in exchange for menial jobs to justify the payments.

Another key component of the Alia Cares Scheme involves direct support for community projects. Oglegba stated that communities are allowed to choose critical projects such as boreholes, schools, or primary healthcare centres, while the government provides the necessary funding.

“The community selects its contractors and project teams, and the government funds the project to completion,” he said. “So far, 54 community projects have been completed successfully from January to date across the state.”

Oglegba concluded by reaffirming the government’s commitment to improving livelihoods through targeted interventions that strengthen both individual businesses and entire communities.

 

Post Views: 77
Share

Related Posts:

  • NG-CARES Batch 2 Grant Program for MSMEs: How to Apply, Links to Apply And Requirements
    NG-CARES Batch 2 Grant Program for MSMEs: How to…
  • Microsoft-backed FAST Accelerator Announces 12 African Startups Selected for Artificial Intelligence (AI) Program
    Microsoft-backed FAST Accelerator Announces 12…
  • images (13)
    FG disburses N66 billion to MSMEs, warns defaulters…
  • Nigerian Government Agencies that Support Entrepreneurship
    Nigerian Government Agencies that Support…
  • Rural Electrification Agency (REA) deploys over 100 mini-grids for inclusive development in Nigeria in 3 years
    Rural Electrification Agency (REA) deploys over 100…
  • Nigeria Commissions Ultra-Modern MSME Fashion and ICT Hubs in Benue State to Create 48,000 Jobs Annually
    Nigeria Commissions Ultra-Modern MSME Fashion and…
Tags: BenueGrants for SMEsMSME AfricaMSME News in Nigeria todaySMEsWorld Bank fund
Previous Post

50kg Rice Price Drops to N58,000 in Nigeria — Report

Next Post

Nigerian Government Launches “PowerHer 774” to Provide 3 Million Women with N5 million Worth of Renewable Energy Credit

Next Post
Nigerian Government Launches “PowerHer 774” to Provide 3 Million Women with N5 million Worth of Renewable Energy Credit

Nigerian Government Launches “PowerHer 774” to Provide 3 Million Women with N5 million Worth of Renewable Energy Credit

Leave a Reply Cancel reply

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

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Access Bank and Deloitte Host SME Business Clinic to Empower MSMEs for Sustainable Growth
  • Sun King Secures N80 Billion Loan with IFC and Stanbic IBTC to Expand Off-Grid Solar Access in Nigeria
  • Nigerian Govt Launches Youth Training in Agriculture, Renewable Energy, and Automotive Industry in Southwest
  • Access Bank to Disburse $100M DFI Loan to Female Entrepreneurs in Nigeria
  • Beef Prices Surge in Abuja Due to Seasonal Scarcity, Forcing Consumers to Seek Alternatives

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.