The Special Adviser to Vice President Osinbajo on Micro, Small and Medium Enterprises (MSMEs) says the Federal Government’s goal to empower 360,000 MSMEs annually is on course.
The empowerment process is being done through the MSMEs clinics, an initiative of the Presidency, aimed at addressing grassroots problems of MSMES across Nigeria.
Vice President Osibanjo had inaugurated the programme in January in Aba, which was home to many local manufacturers in the country.
The target of the MSMEs clinics:
- Try and affect positively, the lives of 360,000 MSMEs in a year. People keep saying it is a very tall order, but it is achievable.
- So far, the clinics have gone to three states and have successfully engaged with 4,602 MSMEs and hasn’t even touched Lagos, Port Harcourt, and Kano.
- In May, the number is expected to double significantly because as the clinics will be five states.
- The Federal Government is also presently working toward reopening at least six industrial development parks in the country, one for every region.
- Also, clusters of 50 to 200 businesses won’t likely be asked for collateral. Access to loan will be easier and you will not be as risky as it were before.
- Through the MSMEs clinics, other challenges faced by the businesses are being addressed on the spot, from difficulties getting NAFDAC number, adequate electricity and tax clearance, among others.
The overall idea is to give MSMEs breathing space to strive and expand.
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