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VICE PRESIDENT YEMI OSINBAJO, STAKEHOLDERS MEET ON MSME

Vice President Yemi Osinbajo says , the Federal Government, In partnership with the private sector, would continue to support innovation and interventions to boost the growth of small businesses across the country, so as to improve the economy and create more employment opportunities for Nigerians.

Vice President Osinbajo stated this at the first meeting of MSMEs stakeholders for the year 2021.

The Vice President urged stakeholders in the public and private sectors at the virtual meeting to be innovative in the interventions planned for small businesses, so as to consolidate on the gains recorded in the MSMEs space in the past few years

Speaking about the implementation of the MSMEs Survival Fund and the impact on the economy, the Vice President said, the implementation of the Survival Fund by the Federal Government has sent the right signals that MSMEs are an important component of the economy.

Commending stakeholders for their cooperation and commitment in the implementation of schemes and initiatives in the MSMEs sector, the Vice President said, working together, can achieve more in the MSMEs space.
In her remarks, the Minister of State, Industry, Trade and Investment, Ambassador Mariam Katagum said the implementation of the Survival Fund across different areas lessened the burden of the pandemic on businesses, and that 300,000 business owners have benefitted as at the end of year 2020.

The Federal Government’s MSMEs Survival Fund grant scheme, which includes Payroll Support, Artisans and Transport support tracks, is a component under the Nigerian Economic Sustainability Plan.
The scheme is estimated to save not less than 1.3 million jobs across the country.

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