In a bid to complement the Federal Government’s efforts to improve the economy and create more jobs, a group of partners in the Micro, Small and Medium Enterprises (MSME) space are set to execute various MSME-focused interventions, targeting 1.3 million beneficiaries across 17 States and FCT.
The first set of the interventions comprising five are scheduled for completion and delivery by December 2023. The remaining 12 interventions are scheduled for completion before December 2024.
The beneficiary states are Abia, Rivers, Jigawa, Benue, Borno, Lagos, Ekiti, Niger, Sokoto, Enugu, Gombe, Akwa Ibom, Yobe, Ondo, Osun, Bayelsa, Imo and FCT.
They will be conducted via Shared Centres for MSMEs providing four markets with 300kva Solar Panels and Mini grids to provide eight hours of electricity a day to six Fashion Hubs and two Furniture Clusters.
Other interventions are for car painting/ drying hubs and cold rooms for sea food storage among others.
The MSME and Job Creation Unit of the Vice President’s Office is coordinating the interventions and has disclosed that they are to ensure the realisation of the Tinubu administration’s commitment to job creation and economic diversification with the MSMEs playing critical roles.
The MSME partners collaborating with the Office of the Vice President to execute these interventions include Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Corporate Affairs Commission (CAC), Industrial Training Fund (ITF), National Agency for Food, Drug Administration and Control, (NAFDAC).
The rest are Standards Organisation of Nigeria (SON), Bank of Industry (BOI), Nigerian Export-Import Bank (NEXIM), Development Bank of Nigeria (DBN), Nigerian Export Promotion Council (NEPC), Bank of Agriculture (BOA), Raw Materials Research and Development Council (RMRDC), Nigerian Information Technology Development Agency (NITDA) and Federal Inland Revenue Service (FIRS), among others.
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