Unemployment: FG Inaugurates MSME in Ogun, promises 5m new jobs by 2015

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The federal government of Nigeria has unveiled plans to create five million jobs by the year 2015 through the expansion of micro, small and medium enterprises (MSMEs).

Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, who made this declaration during a validation workshop on the revised policy on micro, small and medium enterprises and the launch of National Enterprises Development Programme, NEDEP and the Ogun State Council on MSMEs, said the federal government created 32 million indirect jobs through the 17.2 million micro, small and medium scale enterprises in 2012 alone.

Aganga revealed that the federal had concluded arrangements to create additional five million  jobs by 2015.  The Minister also promised to forward a proposal to the Federal Executive Council (FEC) on the need to ensure production of school uniforms from Made-in-Nigeria fabrics in order to encourage enterprises’ development.

In his own remarks, Alhaji Bature Umar Masari, director -general of Small and Medium Enterprises Development Agency of Nigeria (Smedan) noted that the National Policy on MSMEs was clear in its designation, evaluation and reviewability from 2013 t0 2015.

Masari siad the targets of the policy include  promoting  cottage agro and agro-allied enterprises, cottage arts and crafts, textiles and clothing, wood processing and furniture, leather and leather products, basic metal, metal fabrication and engineering enterprises, solid mineral enterprises, electronic and information technology enterprises and building and construction enterprises. The director  attributed the success of the policy  to several factors such as  streamlined and decentralised MDAs at the federal, state and local governments engaged in MSME development, improvement in  the capacity of the streamlined organisations to deliver high quality services at scale, institutionalization of public-private dialogue and partnerships in MSME policy implementation. Other factors he mentioned included the provision of funding from the  public, private and non-profit sectors at the federal, state and local government levels and measurement and evaluation based on an annual MSME survey to ensure impact assessment and inform additional policy and programme modifications.

Senator Ibikunle Amosun, Governor of Ogun State, who was also in attendance promised that his government would assist genuine entrepreneurs in the “areas of provision of infrastructural facilities and financial assistance through the ongoing Ogun State/Bank of Industry (BoI) loan scheme for MSMEs.”

6 COMMENTS

  1. This policy will really be beneficial to the army of unemployed people in the country only and if it can be sustained.

  2. Loan through the scheme should be made available on egalitarian basis, so that everybody can benefit from it. The idea of man know man should be out of the question.

  3. Restriction should be placed on some imported goods so as to encourage patronizing locally made products inorder to build up our industries. Nigerians are gifted and needs a little push.

  4. if the federal govt can provide five million jobs by 2015 then the people will not be complaining of bad government and we will Magnanimously conclude that we have a responsive govt. Abi na lie?

  5. Talk is cheap! Well! but if infrastructural facilities can be implimented in all these area mention. then be rest asured that Nigeria as a country will take a new turn of progressive improvement where unemploment is concern in the nest Five years.

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