Vice President Yemi Osinbajo has said the momentum built in the Micro, Small and Medium Enterprises (MSMEs) sector by the Buhari administration in the last seven years must be maintained given its crucial position in the economy.
Prof. Osinbajo stated this on Monday when he received members of the Made in Nigeria Project led by Mr Adedeji Alebiosu, on a courtesy visit to the Presidential Villa, Abuja.
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The group, representing a coalition of MSMEs in Nigeria, were at the Presidential Villa to commend the Federal Government and appreciate the Vice President’s support for MSMEs in the country over the past 7 years.
According to the Vice President “we must be as determined as possible going forward in maintaining the momentum built over the years in the MSME space.
“How we sustain the MSME Clinics, how it is institutionalized in a way that the incoming Vice Presidents or Presidents are obliged to pay close attention to whatever is happening in the sector, is very important.”
He assured MSME stakeholders in the country that “we will make sure that we provide everything that is required to enable the incoming administration step into the positions that we have created in the MSME space. We are in a very good place.”
Osinbajo, in a statement issued by his spokesman, Laolu Akande, spoke about the Made in Nigeria concept and the need to develop local capacity.
The Vice President said “we must find where we fit in, in that value chain.
“It is true that no economy can be entirely self-sustaining but it is important to emphasize that we have the capacity to do a lot in our country.
“What we need to do is to find our comparative advantage and develop capacity in the value chain around manufacturing of electric vehicles, arms manufacturing etc.”
Earlier in his remarks, Mr Alebiosu praised Prof. Osinbajo’s personal commitment and support to the growth of small businesses in the country.
The Vice President was presented with an award of excellence by the group.
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