Presidency announces N220m prize for 2025 MSME award winner 

Presidency, yesterday, declared that the overall winner of the Micro, Small and Medium Enterprises (MSME) of the Year Awards will go home with a car, a house, a shop and a cash prize, all valued at N220 million.

In the other categories, winners will go home with prizes worth over N50 million each after a transparent process vetted by a screening committee made up of agencies of government collaborating with the office of the Vice President.

The agencies are the Standards Organisation of Nigeria (SON); the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN); Federal Inland Revenue Service (FIRS); National Agency for Foods, Drugs Administration and Control (NAFDAC); Nigeria Sugar Development Agency; Industrial Training Fund (ITF); and Bank of Industries (BOI); among others.

Briefing newsmen on the selection of deserving awardees for the seventh edition this year, Senior Special Adviser to the President on Job Creation and MSME, Mr Temitola Adekunle-Johnson, said they would include the inaugural category of people living with disabilities, who would also be given special consideration to compete for the numerous prizes.

Adekunle-Johnson said the initiative was in keeping with the President Bola Tinubu-led administration’s efforts to support established, budding and prospective MSMEs across the country.