Borno State Governor Babagana Zulum has approved N1 billion in grants to support 9,403 MSMEs in Biu and Hawul, aimed at job creation and poverty alleviation as part of the state’s economic empowerment strategy.

Governor Babagana Zulum of Borno State has sanctioned a grant of N1 billion to bolster the Micro, Small, and Medium Enterprises (MSMEs) within Biu and Hawul Local Government Areas. This financial support is directed towards 9,403 local businesses and forms a crucial element of the state’s overarching economic empowerment strategy. The objective of this initiative is to enhance local entrepreneurship, generate employment opportunities, and mitigate poverty within the region.

In summary, the N1 billion grant approved by Governor Babagana Zulum is a significant investment aimed at strengthening MSMEs in Borno State. By supporting over 9,000 businesses in Biu and Hawul, this initiative not only aims to create jobs but also seeks to alleviate poverty and foster economic growth in the local communities.

Original Source: nextbillion.net