The federal government has partnered with Wema Bank to establish digital hubs for micro, small and medium enterprises (MSME) in seven states. The FGN/ALAT Digital and SkillNnovation Hub will open in Lagos and Borno states, followed by Katsina, Cross River, Anambra, Oyo, and Kano. The initiative aims to empower young entrepreneurs with financial products, training, and support to build sustainable businesses and support Nigeria's economy growth. The hub will provide software engineering, product design, and other digital training to one million youths, while 500,000 SMEs will receive mentorship and business development mentoring. The government and WEMA Bank will provide grants, with N500 million allocated to SMEs and techprenuers under the scheme.
Index to Nigerian Newspapers
