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NEWS UPDATE: FG reiterates commitment to alleviate poverty, unemployment through MSMEs development

NEWS UPDATE: FG reiterates commitment to alleviate poverty, unemployment through MSMEs development

The Federal Authorities has reiterated commitment to sustain partnership with private sectors and other critical stakeholders to strengthen Micro, Little and Medium Enterprises, MSMEs in say to alleviate poverty, unemployment and other economical challenges bedeviling the country.

The Permanent Secretarial assistant, Federal Ministry building of Industry, Merchandise and Investment, Dr Evelyn Ngige, stated this on Monday at the opening of the technical session of the 13th coming together of the National Council of Industry, Merchandise and Investment, (NCITI).

The coming together, which held at Ekiti Province Civic and Conference centre Ado Ekiti, with focus on “Micro, Little and Medium Enterprises Evolution in Nigeria: The role of Stakeholders” according to Dr Ngige would afford participants to brainstorm, strategize, deliberate and recommend policies and programmes to address economical challenges facing the sector.

She expressed optimism that the outcome of the coming together would improve authorities efforts in not only providing an enabling environs for little scale businesses but to engender industrialization through diversification and investment into non-oil commodities.

Dr Ngige, explained that her ministry building would keep to expand its collaboration with governmental and non-governmental actors in economical space to foster well-paying jobs for Nigerian youths in fulfilment of the vision of President Muhammadu Buhari led administration to lift 100 million Nigerians out of poverty within the next 10 years.

This, she said, had led to the review of the National policy on Micro Little and Medium enterprises to encourage the establishment of to a greater extent little and medium scale enterprises across the length and breadth of the country.

Dr Ngige commended Governor Kayode Fayemi and Ekiti Province Authorities for the impressive back up given to the council and for providing a conducive environs for the hosting of its 13th National Coming together.

In his welcome remarks, the Province Commissioner for Industry, Merchandise and Investment, Aare Muyiwa Olumilua, said the primary focus of the annual coming together was to proffer policies and solutions to the industry, merchandise and investment sector and to champion a class that would transform the country’s economic system.

He highlighted some of the critical steps taken under the Fayemi led administration to heighten the evolution of MSMEs to include; the preparation of over 2500 immature entrepreneurs in agribusiness with the empowerment of 200 beneficiaries to the tune of N729 million, facilitation of MSMEs survival funds to over 9000 artisans and transporters with each receiving N30 thousand naira to the total of N270 million.

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