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FG working on National Policy on Startups — Minister

The Minister of State for Industry, Trade and Investment, Mariam Yalwaji Katagum, has said that the federal government has commenced engagement with stakeholders with a…

The Minister of State for Industry, Trade and Investment, Mariam Yalwaji Katagum, has said that the federal government has commenced engagement with stakeholders with a view to enriching the draft National Policy on Startups.

The Minister made this known in her statement at the 7th EMPRETEC Global Summit, held virtually with the theme: “The Role of Entrepreneurship, MSME and Empretec in post-COVID-19 Resurgence.”

The Minister said the new policy is designed to reposition the nation’s  start- ups to be major contributor to the nation’s Gross Domestic Product (GDP).

She reiterated  the federal government’s  commitment  to the growth of Micro , Small and Medium Enterprises (MSMEs) for enhanced contribution to the nation’s Gross Domestic Product (GDP).

Katagum said the Federal Government had rolled out various interventions to reposition MSMEs for increased and sustained contribution to the national economy in the wake of the COVID-19 pandemic.

“As we are all aware, the MSME sector is the engine of growth of any economy, contributing to its development, job creation and export, amongst others,” she said.