20 Nov Minister lists FG efforts at promoting MSMEs growth
The Minister of Industry, Trade and Investment, Adeniyi Adebayo, says the Federal Government has embarked on the development of a draft national policy on Micro, Small and Medium Enterprises (MSMEs).
In a statement by his Special Adviser (Media) Ifedayo Sayo, the minister said the policy was among steps taken by the federal government to ensure growth of MSMEs in the country.
He delivered the keynote at the 5th Lagos Small Business Summit 2020 which held virtually.
The minister said the actions to grow the MSMEs were taken through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). According to him, the government was conducting 26 MSMEs clinic events at various locations across the country to boost the skills and capabilities of the segment in which about 400,000 MSMEs have benefitted
”The government had launched an innovative portal to provide access to various resources required by SMEs operators. ‘”Government had also established a matching fund programme targetted at labour-intensive, SMEs operating in the real sector with innovative value-added products,” he said.
Adebayo said that at the height of the COVID-19 pandemic, the government initiated a proactive approach by creating an Emergency Operations Centre (EDC), which facilitated availability and movement of food items, pharmaceutical and other essential products across the six Geo-Political Zones
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