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The Future Of Nigeria’s Economy; Is In MSMEs — Osinbajo
In this Executive Order which was signed barely six weeks ago, we are saying that the Federal Government of Nigeria and state governments must patronize locally produced goods.
So, the first point of call is to patronize locally produced goods. Already the Armed Forces are patronizing those who are making boots and some people who are making fatigues and different kinds of fabrics for the Army. We are going to insist that this should be so in our purchases especially where we have events such as this and where we have state dinners and so on. And it is also our desire that we patronize locally produced clothing as much as we can.
I am extremely proud of the achievements of the Abuja Enterprise Agency. I think that they have done a wonderful thing indeed by organizing this particular MSMEs Clinics and the various other things that we have seen that they are doing. It is great to hear that they are funding some other MSMEs as well, and that they intend to increase this funding which is extremely important and we hope to be able to support what the enterprise agency is doing. I will like to commend the FCT Minister for the excellent work that is going on and to say that we are fully behind you and we will support you in any possible way.
As you know the Honourable Minister of State for Industry, Trade and Investment is the former MD of the Abuja Enterprise Agency, so don’t be surprised to find that there would be more Ministers coming out from the Abuja Enterprise Agency. (Applause)
I would also like to acknowledge your Excellencies, the governors who are here, and I want to thank you very much for taking the time to attend these MSMEs Clinics. We had a long day at NEC meeting but you also chose to come along and see for yourselves what Nigerians are doing and how well these enterprises are doing; I like to thank you very much for joining me in looking round the stands.
I want to just say that the Federal Government is committed to MSMEs and to developing MSMEs. So, we are going to work very hard to ensure that we don’t just do exhibitions and come round to places like this and see what you are doing, but we are going to follow up; we are going to see that those who require funding, those who have the talents, those who have the creativity, are funded.
It is not an easy task funding MSMEs because sometimes it is difficult to know who is where but one of the great advantages of what we are doing especially the Abuja Enterprise Agency is that we can find you where you are and we know exactly where you are.
I have been speaking with the Minister of the Federal Capital Territory and the Minister of Industry, Trade and Investment that we will do all we can to ensure that you are well funded, that those who require funding are funded, those who require training are trained, that whatever support you require from the Federal Government, you will get it.
The state governments are also committed. They have assisted us as we try to set up one-stop shops in the states that we have been, where the regulatory agencies can have their representatives and ensure that people who need regulatory approval are granted the regulatory approvals speedily.
The business of making our country truly great is not just the business of government. Government is transient, it passes away but it is the business of every one of us, and this country has the talent, this country has the men and women who have the creative ability to make our country greater than any country in the world.
I can assure you that whatever it takes to make our country truly where it should be in the comity of nations in Africa and anywhere in the world, we will give it.
Thank you very much. God bless you.
Prof. Yemi Osinbajo, SAN, GCON
Acting President Federal Republic of Nigeria
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