1.3m MSMEs to benefit from intervention
A group of partners in the Micro, Small and Medium Enterprises (MSME) space has set things in place to execute various MSME-focused interventions, targeting 1.3 million beneficiaries across 17 States and FCT. According to a statement issued by the Director of Information in the Office of the Vice President, Mr Olusola Abiola, said the bid is aimed at complementing the federal government’s efforts to improve the economy and create more jobs. The MSME and Job Creation Unit of the Vice President’s Office, which is coordinating the interventions, has disclosed that the interventions are geared towards ensuring the realisation of the Bola Tinubu administration’s commitment to job creation and economic diversification with the MSMEs playing critical roles. The interventions which are to be completed in 17 States and FCT are Shared Centres for MSMEs providing four markets with 300kva Solar Panels and Mini grids to provide 8 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. Following Vice President Kashim Shettima’s directives on the speedy execution of the projects, five of the interventions will be completed and delivered by December 2023.