• About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, July 24, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

Why we must maintain momentum built on MSMEs — Osinbajo

Our Reporters by Our Reporters
September 28, 2022
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

By Ochioha 2

The momentum built in the Micro, Small and Medium Enterprises (MSMEs) sector by the Buhari administration in the last seven years must be maintained given its crucial position in the economy.

Vice-President Yemi Osinbajo stated this on Monday when he received members of the Made-in-Nigeria Project, led by Mr. Adedeji Alebiosu, on a courtesy visit to the Presidential Villa, Abuja.

The group, representing a coalition of MSMEs in Nigeria, were at the Presidential Villa to commend the Federal Government and appreciate the Vice President’s support for MSMEs in the country over the past seven years.

According to Prof. Osinbajo “we must be as determined as possible going forward in maintaining the momentum built over the years in the MSME space.

“How we sustain the MSME Clinics, how it is institutionalized in a way that the incoming Vice Presidents or Presidents are obliged to pay close attention to whatever is happening in the sector, is very important.”

The Vice-President then assured MSME stakeholders in the country that “we will make sure that we provide everything that is required to enable the incoming administration step into the positions that we have created in the MSME space. We are in a very good place.”

Speaking about the Made-in-Nigeria concept and the need to develop local capacity, the Vice President said “we must find where we fit in, in that value chain.

“It is true that no economy can be entirely self-sustaining but it is important to emphasize that we have the capacity to do a lot in our country.

“What we need to do is to find our comparative advantage and develop capacity in the value chain around manufacturing of electric vehicles, arms manufacturing etc.”

Continuing, the Vice President said “there is a bigger challenge in manufacturing of items, creating jobs and wealth. So, we have got to think in terms of scale.

“There is a lot of real and serious work that needs to be done. What should our approach be in terms of the value chain? We are a huge economy and a huge market.”

“The problem people have always faced is how to engage our massive population in a meaningful way because anything you do seems like a drop in an ocean due to the enormity of the problem,” the VP added.

Earlier in his remarks, Mr Alebiosu praised Prof. Osinbajo’s personal commitment and support to the growth of small businesses in the country.

He acknowledged the contributions of the Vice President through key interventions supervised under his office, noting that they positively impacted small businesses in the space.

According to him, “initiatives supervised by your office such as the MSME Clinics, the Survival Fund, and the MSME Awards, among others, have positively impacted many small businesses over the years”. 

He said “you have done so much in the MSME space in the country, we have never had it so good, that is why we are here today, to show gratitude for the support the Federal Government has given to MSMEs in Nigeria.”

Mr Alebiosu said the visit to the VP underscored the importance of collaboration and partnership in growing the MSME space in the country.

The Vice President was presented with an award of excellence by the group.

Members of the Made-in-Nigeria Project delegation include Director of Operations, Tosin Ashiru; Director of Special Projects, Samuel Adewale; Director of SME Engagement, Tola Ajayi and Director pf Partnerships, Destiny Enakhimion. 

Previous Post

Nigeria backs IMO on greener shipping for sustainable development

Next Post

NCC-CSIRT proffers countermeasures against website scams on Microsoft Edge Browser

Next Post

NCC-CSIRT proffers countermeasures against website scams on Microsoft Edge Browser

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
34,289 Nigerians secured US citizenship from 2020-2022 – Report
World

“Don’t travel there”, US in fresh security alert blacklists Kano, Imo, Rivers, 15 Nigerian states

by Aminu Danladi
July 23, 2025
0

The United States government has issued stark warning to its citizens over travel to Nigeria, placing the country under its Level...

Read moreDetails
Why Wike’s mockery of Obi demands Abati’s voice

Why Wike’s mockery of Obi demands Abati’s voice

July 23, 2025
Police in major breakthrough on Benue killings, arrest bandit arms supplier

Police in major breakthrough on Benue killings, arrest bandit arms supplier

July 23, 2025
Troops neutralize over 100 bandits in Warari operation

Troops neutralize over 100 bandits in Warari operation

July 23, 2025
Police rebukes CJTF, says no Boko Haram terrorist arrested in Lagos

Police arrest 567 suspects, rescue 17 kidnap victims in Adamawa

July 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng