Governor Babagana Zulum of Borno State has approved N1 billion in grants for 9,403 MSMEs in Biu and Hawul Local Government Areas. This initiative aims to boost local businesses, create employment opportunities, and alleviate poverty as part of a broader economic empowerment strategy.
The Governor of Borno State, Babagana Zulum, has sanctioned a grant of N1 billion designed to bolster 9,403 Micro, Small, and Medium Enterprises (MSMEs) within the Biu and Hawul Local Government Areas. This initiative represents an integral component of the state’s comprehensive economic empowerment strategy, which seeks to enhance local entrepreneurship, generate employment opportunities, and mitigate poverty levels in the region.
In conclusion, Governor Babagana Zulum’s approval of the N1 billion grant is a significant step towards empowering local businesses and promoting economic development in Borno State. The initiative aims not only to support a large number of MSMEs but also to facilitate job creation and poverty reduction in the targeted areas.
Original Source: nextbillion.net
