MSMEs most important component for economic growth - Osinbajo

Vice President Yemi Osinbajo, says Micro, Small, Medium Enterprises (MSMEs) are the most important business component for economic growth.

Vice President, Yemi Osinbajo spends first day in Aso Rock office

“The MSME clinic is a response to the fact that we recognise that MSMEs are the most important business component of our economy.

“In any economy, what small businesses contribute is really the super structure of the economy.

“And that is why the President decided that we most have this clinic in every state of the Federation and so for the past two years we’ve been going round flagging MSME clinics state by state and one stop shop.

He noted that having MSME’s clinic in each state had become necessary to facilitate the work of MSMEs

“Most small businesses find difficult to travel all the way to Abuja and Lagos just to get regulatory permission.

“That is why we think it is best to bring those authorities to them under the one stop shop.

In his remarks, the state governor, Alhaji Abubakar Bello, said his administration had accessed over N2 billion from the CBN to assist MSMEs in the state.

Bello said MSME was the most potent key factor in promoting direct private sector investment in any economy

Bello commended the Federal Government for setting up MSME programmes in the country as MSME are known to create millions of jobs in the country.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Akeredolu insists Nigeria must adopt restructuring

Akeredolu insists Nigeria must adopt restructuring

Scenes as Kano Lawmaker rejoins APC after few days in NNPP

Scenes as Kano Lawmaker rejoins APC after few days in NNPP

Only leaders with a touch of madness can fix Nigeria - Obasanjo

Only leaders with a touch of madness can fix Nigeria - Obasanjo

Lagos residents express divergent views on okada ban

Lagos residents express divergent views on okada ban

Magu will still be prosecuted if indicted despite promotion – Minister

Magu will still be prosecuted if indicted despite promotion – Minister

Bauchi gov praises Buhari for helping him to achieve political glory

Bauchi gov praises Buhari for helping him to achieve political glory

Boko Haram, other terrorist groups moving into Kaduna, El-Rufai cries out

Boko Haram, other terrorist groups moving into Kaduna, El-Rufai cries out

2023: Osinbajo promises Niger delegates food, accommodation during primary

2023: Osinbajo promises Niger delegates food, accommodation during primary

IPOB asks Kumuyi to cancel planned crusade in South East

IPOB asks Kumuyi to cancel planned crusade in South East