Osinbajo flags off MSME in Akure on Thursday

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Vice President, Prof Yemi Osinbajo, GCON, SAN, will on Thursday inaugurate the Micro, Small and Medium Enterprises clinic (MSME) programme in Akure, the Ondo State capital .

Osinbajo is billed  to kick-start the processes of facilitating the required assistance for the growth of the businesses while the hope of creating wealth and reducing poverty among existing enterpreneurs is rekindled.

The Micro, Small and Medium Enterprises (MSME) Clinic is an initiative of the office of the Vice President in partnership with Federal Ministry of Industry, Trade and Investment as well as eleven other federal agencies to create platform for  micro, small and medium enterprises to interact with federal agencies towards obtaining practical and on-the-spot solutions to their business challenges.

These solutions include on-the-spot business registration, processing of licences/approvals, advisory, capacity building and many more.

The MSME Clinic was launched by Professor Osinbajo last year and since then the clinic has been organized in some major cities including Aba, Ilorin, Sokoto, Jos, Katsina and Calabar with about 8,000 MSME benefitting so far.
According to the Special Adviser to the Ondo State Governor on Public and Inter-Governmental Affairs, Mrs Olubunmi Ademosu, the programme would kick off on Wednesday while the vice president is expected in the state on Thursday for the inauguration.

Ademosu said the Ondo State government has put in place all the required structures and processes that would ensure the success of the programme, assuring that the state is targeting about ten thousand beneficiaries.
“The Akeredolu administration has always prioritised the people as a key point of his administration as all programmes we have carried out have been evenly implemented. We have also ensured that political influence is avoided with the commitment to facilitate a sense of belonging to residents of the state.

The Micro, Small and Medium Enterprises Clinic would never be an exemption”, Mrs Ademosu assured.
She expressed confidence that the programme would go a long way in raising new set of enterpreneurs while the existing ones would be guided on the best steps to take to add value to their efforts which would in turn compliment the efforts of the federal government in achieving an industrialized society.

According to her, “owners of micro, small and medium enterprises are expected to focus on capacity building before accessing the most appropriate financial facility.  This is why you have businesses that open and shut down in less than few months of establishment. Access to finance for at least five years is the right structure for these businesses and government is already working towards addressing that with the establishment of the Development Bank of Nigeria (DBN)”.

The SA explained that the idea of the MSME Clinic attended by the Vice President is part of the efforts of the Buhari administration to close gap between the enterprises and relevant government agencies like NAFDAC, Corporate Affairs Commission (CAC), Standards Organization of Nigeria (SON) , Bank of Industry (BoI), Federal Inland Revenue Service (FIRS) and others to ensure that the agencies serve as facilitators of businesses and not obstacles to business development in the country.

Similarly, Ondo State Commissioner for Commerce and Industry, Chief Timehin Adelegbe said the implementation of the programme is timely, more so that it is ‘”coming at a period the Akeredolu administration is intensifying efforts at creating enabling and conducive environment for small scale businessmen in the state”.

Other participating federal agencies are Bank of Agriculture (BOA), Industrial Training Fund (ITF), Nigerian Information Technology Development Agency (NITDA), Nigerian Export Promotion Council (NEPC), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Nigerian Export Import Bank (NEXIM)

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