By Sunday Akintoye
The Vice President, Professor Yemi Osinbajo who joined the ceremony virtually reiterated the President Muhammadu Buhari administration’s commitment to support the growth and development of MSME during and post COVID-19.
The Vice President promised to provide two additional MSME Fashion hubs to serve Lagos Central and Lagos East senatorial districts as requested by Governor Babajide Sanwo-Olu, and pointed out that the fashion industry is going to be one of Nigeria’s greatest sources of revenue, bigger than oil in the nearest future.
“MSMEs are the engine for Nigeria’s economy because when they thrive, the country thrives and when they struggle, the country struggles. This is why the Federal Government is committed to creating a conductive environment for MSME to do exceedingly well,” he said.
Prof Osinbajo also urged other state governments and the Organised Private Sector to emulate initiatives that would engender the development of MSME across the country.
In his address, Governor Sanwo-Olu stated that MSMEs play a vital role in the growth and sustainability of the economy of Lagos and that of the entire sub-Saharan Africa and Africa as a whole.
The Governor expressed optimism that the facility would be of immense benefits to all stakeholders
In a goodwill message, the Minister of State for Industry Trade and Investment, Ambassador Mariam Katagum, described the shared facility as one of the key take away of the MSME clinic chaired by the Vice President, noting that it would become an effective tool that could address infrastructural challenges which had hindered the growth of SMEs.
The facility is expected to serve 380 Small and Medium Enterprises daily.