Temitope Mustapha, Abuja
President Bola Ahmed Tinubu says 21 shared Micro, Small and Medium Enterprises (MSME) facilities across 19 states and the Federal Capital Territory are supporting businesses and an estimated 650,000 jobs nationwide.
President Tinubu disclosed this in a post on his official X handle, @officialABAT, explaining that the facilities are part of the Nigerian Government’s investment in shared MSME hubs through the National MSME Clinics.
He said the initiative provides entrepreneurs with access to modern equipment, reliable power and production facilities at reduced costs.
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According to him, the intervention is designed to ease barriers to small business growth by providing access to industrial equipment and production facilities without requiring entrepreneurs to bear the full cost of acquiring them.
“A tailor should not need millions of naira to buy industrial machinery before she can grow her business. A food processor should not have to build a factory before producing at scale.
“That is why the Nigeria Government, under our Renewed Hope administration, is investing in shared MSME hubs through our National MSME Clinics, giving entrepreneurs access to modern equipment, reliable power and production facilities without carrying the full cost alone,” President Tinubu said.
The President noted that Nigerian entrepreneurs have the ideas, skills and ambition to succeed but are often constrained by limited access to essential tools and infrastructure.
“Nigerians do not lack ideas, skill or ambition. Too often, they lack access to the tools and infrastructure needed to turn them into successful businesses.
“Our job is to remove those barriers,” he said.
President Tinubu said increased production at lower costs would strengthen the competitiveness of small businesses, support their expansion and create more jobs and income opportunities for Nigerian families.
“When small businesses can produce more, at lower cost, they become more competitive. They grow. They employ more people. They create income and opportunity for Nigerian families,” he said.
He added that providing Nigerian enterprises with the tools required to succeed remained central to building prosperity from the grassroots.
“That is the Nigeria we are building,” President Tinubu said.
