Wednesday 16th August, 2017
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Acting President Osinbajo applauds FCTA's efforts at promoting MSMEs

Acting President Osinbajo applauds FCTA's efforts at promoting MSMEs

Acting President, Prof. Yemi Osinbajo has applauded the contributions of the Abuja Enterprise Agency for driving Micro, Small and Medium Enterprises (MSMEs) in the Territory.
The Acting President gave the applause while opening the nationwide MSME Clinic in Abuja on Thursday last week. Prof Yemi Osinbajo commended the FCT Minister, Malam Muhammad Musa Bello for what he is doing, especially in promoting MSMEs in the FCT.
Excited over what he saw at the exhibitions, Osinbajo declared: ?I have seen the future!? According to him, many of the exhibitors were young men and women, who are using Nigerian products and raw materials to produce incredible things.
Osinbajo said government would play its part to encourage small businesses: ?Government has a key role to play in creating an environment for businesses to prosper. This was the reason, in my discussion with President Muhammadu Buhari, we undertook to develop small businesses quickly.?
The Acting President noted that he had signed an Executive Order for government to patronise locally made products where ever it is possible.
In his remarks, the FCT Minister, Malam Muhammad Musa Bello, said that the Nationwide MSME Clinic was borne out of the current Administration?s commitment towards facilitating the rapid growth of the sector in the FCT and the country at large.
MSMEs, Malam Bello noted, play a vital role in the nation?s economy as it is responsible for 48 percent of our Gross Domestic Product (GDP) and employs about 33 million of the nation?s workforce.?
He Minister said they have provided credit facilities ranging from N70, 000 to N2 million to budding entrepreneurs as well as offer services such as business advisory and capacity building.
In his address of welcome at the occasion, the Managing Director, Abuja Enterprise Agency (AEA), Mr. Muhammed Arabi Tukur said the the Youth Enterprise Support programme of the agency was designed to nurture the youth to become business leaders and that over 134 youths have been trained.
Over 7000 participants and 1000 exhibitors were at the event which took place at the Eagle Square, Abuja.

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