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Nigerian government reiterates support for MSMEs

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As part of efforts to diversify away from being a mono-economy nation, the federal government will continue to support local goods, as well as Micro, Small, and Medium Enterprises (MSMEs), acting President, Yemi Osinbajo, has disclosed.

Osibajo, said that the federal government will spend time to ensure that it gives those who produce locally made goods all the support the presidency can give.

To ensure that Federal Government’s business oriented regulatory agencies become facilitators for MSMES, the Buhari presidency would do all within its ability to support them and ensure they become thriving businesses.

This assurance is coming barely a week after the media launch of MSMEs Clinics, which had its maiden edition in Aba recently.

The Vice President observed that it was important to pay attention to MSMEs because they are the ones that take care of people and do things that make everyone comfortable.

His words: “You can’t do much for manufacturing without coming to Aba, because Aba traders, artisans, tailors, shoemakers and others are the bedrock of our economy.”

Osibajo therefore urged those relevant government agencies to see themselves as facilitators of the businesses and remove bottlenecks that are often reported when enterprises have something to do with the agencies.

The statement, however, stated that several businesses and local manufacturers present at the workshop were obviously elated at the Federal Government’s gesture to re-orient such relationship between them and the agencies.

Commenting at the event, Abia State Governor, Dr Okezie Ikpeazu, said, “With the visit of the acting President to Abia, the story of Aba traders will change. The visit of the Acting President is a testimony that something new is happening here.”

It would be recalled that the Office of the Special Adviser on Economic Matters devised the idea of a Clinic to bridge the gap between MSMEs and government agencies such as Corporate Affairs Commission, Standards Organization of Nigeria, National Agency for Food & Drug Administration and Control, Bank of Industry, Federal Inland Revenue Services, Nigerian Export Promotion Council, and others.

The Clinic is meant to bring together all those agencies in one spot and at appointed times across the country to attend to the needs, questions and requests of people doing business.

Subsequently, such clinics would be held in two different cities every month and those government agencies would be on hand to solve problems of business enterprises, take enquiries, explain government initiatives and educate the public about regulatory issues regarding MSMES in Nigeria.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. The Verge Communications (NEWSVERGE) is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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