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Explainers - Profiles - Startup - September 16, 2019

Nigeria to Set Up 37 MSME Clusters Across the Country

The Nigerian government has said it will set up 37 MSME clusters across the country.

Vice President Yemi Osinbajo’s spokesman, Laolu Akande, in a statement in Abuja said the Federal Government has commenced the process of establishing clusters for small businesses in the 36 states of the federation and the FCT.

He explained that the gesture was in consolidation of the efforts of President Muhammadu Buhari’s administration in growing the MSMEs sector in Nigeria.

“One of the Next Level projects which we intend to do for MSMEs is what we call Shared Facilities for MSMEs.

” We plan to have 37 clusters across the nation, this will provide the opportunity for MSMEs to walk into fully equipped clusters with specific facilities for end-to-end production of their products.

“So, the Federal Government has identified a minimum of one cluster per state and in Kebbi State we have the commercial fishing cluster to be commissioned in next year by over 9000 MSMEs to access daily.”

Speaking further on the resourcefulness of the Nigerian youth, the vice president said their talents and creativity were all that countries required to achieve greatness.

He said that one of the things that emerged from just going around Kebbi State and all over the country was, the evidence that there was creativity,  talent and so much enterprise and people were prepared to work hard.

“Young and old, people are making their contributions to the development of the economy and that is what makes countries great.

“It is the individual work of small businesses, young entrepreneurs that make counties great all over the world,” he said.

He urged all Federal Government regulatory agencies to see themselves first as facilitators of business and not obstacles, noting that they were not just revenue-generating agencies.

At the Birnin Kebbi Central Market, where about 7,201 traders received the N10, 000 interest free loans under the TraderMoni scheme, Osinbajo assured them of the Federal Government’s continued support for petty traders.

According to him, the president wants each person who is working hard to have something for their trade.

A total of 21,703 beneficiaries have been impacted under the Marketmoni scheme in Kebbi State, while 47,041 beneficiaries have received various sums under TraderMoni scheme across the state.

UK-based firm CDC Group to invest $1 million to support Nigerian SMEs


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