Osinbajo Launches Pilot MSME Clinic In Katsina

The Acting President, Professor Yemi Osinbajo on Friday restated President Muhammadu Buhari’s desire to see Nigerians grow what they eat and make what they use.

Professor Osinbajo was speaking in Katsina State at the launch of the pilot edition of Micro Small and Medium Enterprises clinic for viable enterprises operating in the state.

The Acting President pledged the Federal Government’s readiness to ease the Operation of small scale businesses across the country.

He also expressed satisfaction and praised the entrepreneurs for the improved packaging, marketing and overall quality of their products.

Osinbajo To Launch MSME Clinic In Kwara

MSME Clinic, Yemi Osinbajo, KwaraActing President of Nigeria, Professor Yemi Osinbajo, is set to launch a three-day Micro Small and Medium Enterprises (MSME) clinic on Thursday, February 23 for viable enterprises in Ilorin, the Kwara State capital.

Recall that Acting President Osinbajo commissioned the Aba MSME clinic on January 26.

Aba is the commercial hub of Abia State in southeast Nigeria.

The Chief Operating Officer of the Kwara State MSME Bureau, Mr Segun Soewu, who made the disclosure in a statement on Monday, informed that the event would hold at the Banquet Hall, Ilorin by 10:00AM daily.

He described the clinic as an opportunity for MSME operators in the state to discuss the opportunities and challenges confronting their businesses.

The MSME Bureau boss added that business owners can also make inquiries about policies and regulations regarding their businesses from the Federal agencies that would be present at the programme.

He listed the agencies to include the Standard Organisation of Nigeria (SON), Federal Inland Revenue Services (FIRS), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission, Nigeria Export Promotion Council, Nigerian Export-Import Bank and National Agency for Food and Drug Administration and Control (NAFDAC).

Others are Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Industrial Training Fund (ITF), Bank of Agriculture, Bank of Industry, Federal Institute of Industrial Research, Oshodi (FIIRO), Projects Development Institute, Raw Materials Research and Development Council, and the National Agency for Science and Engineering Infrastructure.

Mr Soewu asked intending participants to contact the office of the Chief Operating Officer of the Kwara State MSME Bureau at the Ministry of Commerce and Cooperatives, Gambari Road in Ilorin.


FG Launches Project To Boost MSMEs In Nigeria

Yemi Osinbajo, Nigeria, MSME, Micro, Small and Medium EnterprisesThe Federal Government has launched a nationwide project code-named “MSME Clinics” to address the challenges faced by Micro, Small and Medium Enterprises (MSME) in Nigeria.

The Vice President, Professor Yemi Osinbajo, launched the project on Tuesday in Abuja, the Federal Capital Territory.

Professor Osinbajo said that the project would serve as a one stop shop to address challenges faced by small business owners.

The Governor of Kwara State, Abdulfatah Ahmed, who was among the state governors at the event, identified lack of access to finance as one major problem facing the sector.

The Minister of Trade, Industry and Investment, Okechukwu Enelamah, however, assured operators that the results from the project would improve the sector.

A study by the National Bureau of Statistics revealed that over 37 million MSMEs operated in Nigeria between 2010 and 2013.

Many of the businesses were said to have operated in the face of several challenges including administrative bottlenecks faced in getting government’s approval to register their businesses.

The project, which is expected to run till February 19, comes as part of the government’s efforts to address some of the challenges.

The facilitators of the project have been asked to interact with small business owners in 21 cities of the federation, with a view to identifying their challenges and providing immediate solutions.

The cities highlighted are Aba, Lagos and Ilorin among others.

Governor Obiano Commissions BOI Office In Awka

obiano has commissioned a boi office in awkaThe Anambra State Governor, Willie Obiano, in furtherance to the existing partnership with the Bank of Industry (BOI), has commissioned its state office in Awka, Anambra State Capital.

The new bank building is sited along Zik Avenue, Old Road, Awka.

At the opening ceremony, Mr Obiano said the enabling environment in the state presently, in terms of security, road infrastructure and adequate measures and proper policies that help reduce cost of business operation support business growth and development.

While addressing the people, the Managing Director and Chief Executive Officer of the bank, Rasheed Olaoluwa, recalled how the journey of partnership with Anambra State Government started in 2006 and how it had increasing impact on the people in the areas of wealth and job creation.

He commended Governor Obiano for sustaining and enhancing the partnership through creating adequate enabling environment in the state since assumption of office.

Mr Olaoluwa said that the bank would complement the effort by improving the quality of its service delivery on industrial development in the state.

In response, Governor Willie Obiano said the state was blessed with resourceful, industrious and entrepreneurial characters.

He stressed that the support his administration was providing to Small and Medium Scale Business would ensure that the ingenuity of the Anambra people was brought to the fore.

He added that his administration, since inception, had put in place measures and policies that would help smooth business operation, promising many more to come.

Kaduna Commences Disbursement Of N1 bn MSME Funds

kaduna stateThe Kaduna State Government on Thursday commenced the disbursement of another N1 billion naira intervention fund to support operators of Micro, Small and Medium Enterprises (MSMEs) in the state.

The programme, which was executed in partnership with the Bank of Industry (BOI), was to support the accelerated development of the state through job creation, where the BOI and Kaduna state government contributed N500m each under a programme tagged ‘Graduate Support Grant’

Speaking at the flag-off ceremony, Kaduna State Deputy Governor, Nuhu Bajoga, who represented Governor Muhtar Yero, described the intervention as very critical and a major component for economic rejuvenation and prosperity of the state.

He further explained that the main aim of the programme is to empower the citizens, especially the graduates and also reduce the level of crime and poverty in the state.

Meanwhile, a mild drama ensued midway into the programme  when hundreds of graduate trainees under the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)  stormed the venue with placards, demanding the State Governor, Mukhtar Ramalan Yero, to release the N1 billion Graduate Empowerment Loan promised to them over five months ago after their training.

Chanting anti-government songs, the aggrieved Youths blocked the Deputy Governor’s convoy as it made its way out of Hassan Katsina House, where the event was held.

They alleged that they were promised by the government to be empowered with money to set up their own businesses immediately after their training.

The Youths also alleged that they were asked to register with money for them to be entitled to benefit from the N1 billion loan.

However, in a swift reaction, the Kaduna State Commissioner for Commerce and Industry, Shekarau Uchissa, denied the allegations saying the state government only went into capacity building where 1000 youths were trained in different skills, but were not promised any money.

CBN Disburses MSME Funds To The Physically Challenged

MSME FundsOfficials of the Central Bank of Nigeria have flagged off the distribution of 2% of the 220 billion naira Small and Medium Enterprise Development Fund to physically challenged persons in the country.

Speaking at the meeting in Abuja, the Special Adviser to the C.B.N Governor on‎ Development Finance, Mr Paul Eluhaiwe, said that the initiative is targeted at ensuring the inclusion of the vulnerable group of Nigerians into the nation’s economy.

While expressing optimism that the MSME funds will be channelled towards job creation, and poverty reduction in the country, Mr Eluhaiwe said that over 60 billion naira of the MSME funds has been disbursed to some beneficiaries across the country.