Vice President Yemi Osinbajo says the federal government has been able to address key challenges faced by Micro Small and Medium Enterprises (MSMEs) in Nigeria while recording significant gains for socioeconomic development.
According to the Osinbajo, it also provides a template for supporting the sector as could be used by governments and other stakeholders globally.
Osinbajo stated this while speaking at a Compendium of MSMEs interventions by the Buhari administration titled, “Buhari – Osinbajo: The MSME Story.” The Compendium was compiled by Mr. Tola Johnson, the Special Presidential Assistant on MSMEs.
The Vice President, who was represented at the event by the Secretary to the Government of the Federation, Mr. Boss Mustapha, noted that the endeavour and desire to succeed shown by Nigerians in the MSMEs sector has also contributed greatly to the country’s socioeconomic development.
Prof. Osinbajo reiterated that the growth and development of MSMEs in the country remains a core objective of the Federal Government under President Muhammadu Buhari, evident from the successes recorded so far in the sector.
He said: “Since the scheme was launched to support and ensure the growth of MSMEs nationwide, the Federal Government has so far held MSMEs Clinics in 30 States. Also, in partnership with State Governments, 5 Shared Facility centers have been established in the country for small businesses.”
The Vice President also commended the commitment of the beneficiaries of the Clinics and other interventions, noting their steadfastness.