As part of efforts to enhance an inclusive economic growth, President Goodluck Jonathan is addressing the seven key identified barriers to the growth of Micro Small and Medium Enterprises (MSME).
Minister of Industry, Trade Investment Olusegun Aganga spoke at a Fidelity Bank SME Forum in Lagos saying, “For the first time in the history of this country, we have a government that is taking the MSME as one of the most important sectors of this economy; we are treating this area as a sector. We have a new programme called the National Enterprise Development Programme, which aims to remove all the barriers and work on what will enable businesses to grow."
“We have raised it to the highest level; we have an MSME national council that is chaired by the vice president and has state governors, ministers and agencies. The whole idea is to accelerate the development of this sector, harmonise and have better coordination and institutionalise the support we give to the sector. For the first time in the history of the country, we now have states’ MSME council addressing those issues.
“The seven issues are access to finance, access to market, linking innovation and technology to the SMEs in the country and industrial skill development. Again for the first time, we are now addressing each one of them and making life easier for the sector. So, we have a programme and if we are allowed to continue and finish the work, in four years time, there will be a complete change. That is what we need to do to have inclusive economic growth. That is what we must do to create jobs.”
According to the minister, President Jonathan has reduced the cost of registering the SMEs by 60 per cent, a situation that has led to an increase of 52 per cent in the MSMEs moving from informal to formal sector.
President Jonathan is moving Nigeria forward
Minister of Industry, Trade Investment Olusegun Aganga spoke at a Fidelity Bank SME Forum in Lagos saying, “For the first time in the history of this country, we have a government that is taking the MSME as one of the most important sectors of this economy; we are treating this area as a sector. We have a new programme called the National Enterprise Development Programme, which aims to remove all the barriers and work on what will enable businesses to grow."“We have raised it to the highest level; we have an MSME national council that is chaired by the vice president and has state governors, ministers and agencies. The whole idea is to accelerate the development of this sector, harmonise and have better coordination and institutionalise the support we give to the sector. For the first time in the history of the country, we now have states’ MSME council addressing those issues.
“The seven issues are access to finance, access to market, linking innovation and technology to the SMEs in the country and industrial skill development. Again for the first time, we are now addressing each one of them and making life easier for the sector. So, we have a programme and if we are allowed to continue and finish the work, in four years time, there will be a complete change. That is what we need to do to have inclusive economic growth. That is what we must do to create jobs.”
According to the minister, President Jonathan has reduced the cost of registering the SMEs by 60 per cent, a situation that has led to an increase of 52 per cent in the MSMEs moving from informal to formal sector.
President Jonathan is moving Nigeria forward
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