MSMEs to enjoy more finance opportunities, access to markets-Minister

The Nigerian Government will continue to drive the growth of Micro, Small and Medium Enterprises (MSMEs) by providing access to finance, access to markets and reducing cost of operations.

The Minister of Industry, Trade and Investment, Adeniyi Adebayo stated this at the National discourse on MSMEs in Abuja with the theme, ‘Little Beginnings; Huge Impact’.

He called for suggestions on strategies for accelerating growth and ensuring sustainability of MSMEs.

Adebayo said the ministry has been supporting initiatives to enhance the growth of MSMEs in the country, adding that the ministry will also provide support to enhance the growth of MSMEs, as they were a key foundation for productivity and inclusive growth in the Nigerian economy through their drive, ambition, and appetite for risk-taking and innovation.

“It is gratifying to note that MSMEs in Nigeria are steadily intensifying their participation in leading-edge areas including FinTech, Logistics, Digital marketing, Food Aggregation and processing, and so on. This is in addition to the millions of players bringing their entrepreneurial energy to move traditional, but nevertheless critical sectors of the economy,” he said.

Nation/Hauwa Abu