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VP Osinbajo inaugurates MSME facility

Vice President Yemi Osinbajo says Micro, Small and Medium Scale Enterprise is the engine room of the economy which any responsible government must not neglect.

Professor Osinbajo who stated this in Ibadan at the inauguration of the shared facilities for Fashion Style and Shea Butter Production Centre, noted that the centre would be replicated across the country.

He explained that the shared facility was established to support small businesses and promised that the Federal Government would continue to initiate policies and programmes that focus on improving welfare of the people.

The Shared Facilities scheme which is a fallout of the activities of the National MSME Clinics, was introduced to help improve engagements between government and MSMEs in the country.

The Ibadan Shared Facilities is the first to be established in the country and would be a Core Strategic Scheme of the ongoing National MSME Clinics under the guidance of the Vice President.

The Scheme was in response to the need to provide adequate work space for vulnerable MSMEs doing business in Nigerian and it would be in collaboration with interested State Governments and critical stakeholders.

The scheme would identify key clusters across the country capable of stimulating sustainable economic growth and development.

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