Vice President Kashim Shettima inaugurated Nigeria’s largest Ultra-Modern MSME Fashion Hub in Enugu State on October 3, 2024. This hub is expected to create approximately 48,000 jobs and includes a grant of N150,000 for qualifying small and medium enterprises (SMEs) in the region.During the inauguration, Shettima praised Governor Mbah for his significant development efforts, stating that “Enugu is back to life” under his leadership, highlighting the positive transformation in the state. The event also marked the unveiling of the 5th Expanded National MSME Clinic, aimed at further supporting local businesses.
The newly inaugurated Fashion Hub in Enugu is poised to significantly impact the local economy through various avenues:
Job Creation
The hub is expected to create approximately 48,000 jobs, addressing unemployment and providing livelihoods for many residents.
Support for MSMEs
It includes a N150,000 grant for qualifying Micro, Small, and Medium Enterprises (MSMEs), which will enhance their operational capacity and financial stability.
Enhanced Production Capacity
Equipped with cutting-edge technology, the hub will boost production capacity and enable economies of scale, allowing local businesses to produce a diverse range of fashion products that meet global standards.
Entrepreneurship Development
The hub aims to foster entrepreneurship among the youth, reinvigorating the spirit of innovation and business development in Enugu State.
Economic Transformation
By supporting the fashion manufacturing cluster, the hub is expected to contribute to broader economic growth and development in the region, aligning with the state’s vision for economic transformation.
Overall, the Fashion Hub represents a strategic investment in Enugu’s economic future, promoting sustainable growth through job creation and support for local businesses.
