The federal government is set to establish different production facilities for Micro, Small and Medium Enterprises (MSMEs) across the country, in collaboration with state governments, to help them overcome their funding challenges.

The Vice-President, Prof. Yemi Osinbajo, who disclosed this through his Special Assistant on MSMEs, Tola Adekunle-Johnson, also announced plan to organise the maiden edition of National MSME Awards to hold on August 2, 2018. Osinbajo said that upon the take-off of the shared production facilities, all that would be required of small business operators, who face challenges funding the purchase of production equipment, was to pay a token to the government to rent the production facilities for the creation of their products as obtainable in some developed countries. He said following his tour of MSME clinics across 17 states of the country in the past 18 months and having interacted with over 303,000 MSME operators, the federal government decided to initiate a rewarding system to reward 12 most outstanding small business owners. He stated: “The Presidency has graciously approved the establishment of shared facilities for MSMEs because as the clinics have gone we have seen that there are some MSMEs, though smart but do not even have financial capabilities to run their businesses. “A lot of MSMEs engage in different clusters but they don’t have money for the equipments to buy equipments for their clusters, so what we are trying to do as a government is to partner with interested states as well and say listen give us facilities. We, as the federal government, will come up with how to get the equipment or at least an average of five clusters per state. “So, if you say for instance you are manufacturing pure water, you can come into this building pay a token and manufacture your pure water. The building would have been certified by National Agency for Drug and Food Administration and Control (NAFDAC) and Standard Organization of Nigeria (SON). Once you manufacture that pure water you are going to the market to sell. If you are doing leather works the same thing is applicable. That’s another initiative that has come out of national MSME clinics.” On the award slated to hold in Abuja, the vice president said it would be cash-backed, adding that it is aimed at encouraging MSMEs in the country. According to him, the award will be in 12 categories namely: MSME of the Year, Young MSME of the Year, Most Friendly MSME State, Excellence in Creative Arts, Excellence in Agriculture, Excellence in Manufacturing, Excellence in Manufacturing, Excellence in Technology Innovation and Excellence in Fashion and Style. Others are Excellence in Leather Works, Excellence Furniture and Wood Works, Excellence in Beauty, Wellness and Cosmetics as well as Excellence for Non-Profit Service to Humanity. Osinbajo listed the criteria to include: outstanding business concept, locally produced goods, use of local technology, and provision of conducive atmosphere for MSMEs to thrive, among others. He said nominations will commence from July 4 to 13, 2018, pointing out that it would be national programme that would hold annually.

https://www.vanguardngr.com/2018/07/fg-to-establish-shared-facilities-for-msmes/

Teaching people on how to do something is not enough,but provision of facilities and equipments will go a long way....If government can provide the necessary facilities,it will bring out best form these people....Nice idea from the vice president..

The idea of MSME is a very brilliant idea that will encourage and boost the spirit of entrepreneurship and this will eventually bring about economic growth. Individuals who do not have enough capital to fund their businesses can get interest free loans and also those who can not afford to get equipment for their businesses can take advantage of the federal government project to have a hub where people can with little money can produce their products using government owned equipment.

GOD bless this government with all their innovation.they are not only giving people fish but teaching them how to catch fish.

The government has made it easier for small and medium business owners to run their businesses through this MSME. With readily registered with NAFDAC, business owners do not have to worry themselves with registration, also with the available equipment and facilities, they can take advantage of this opportunity while growing and expanding their business.
Running businesses has never been by easy with the assistance of the government.

The most active vice president Nigerian has ever produce,always with good initiative......God bless our VP

That’s another initiative that has come out of national MSME clinics. This is a prove that the vice president effort to cash-backed, adding to the aimed at encouraging MSMEs in the country. The award is said to be in 12 categories namely: MSME of the Year, Young MSME of the Year, Most Friendly MSME State, Excellence in Creative Arts, Excellence in Agriculture, Excellence in Manufacturing, Excellence in Manufacturing, Excellence in Technology Innovation and Excellence in Fashion and Style. Others are Excellence in Leather Works, Excellence Furniture and Wood Works, Excellence in Beauty, Wellness and Cosmetics as well as Excellence for Non-Profit Service to Humanity. All is sound prove effort of the present administration.

MSME clinic is a good innovation for the people of Nigeria by the government of this country as it as help in creating job for the people and boost the economy of the country.God bless Nigeria

They are always "trying to do" but does nothing & BMC is here masturbating on the thread as if any of them has benefited from it...
Mtchew.....

This government have really done a lot in making sure that everybody gets the dividend of democracy,this innovation have really helped a lot of people in this country,may God continue to be with government to allow them to do more for the people of the country.

The program of MSME is a very initiated program from Diving source that is boosting and also encouraging the masses but my advice for MR VP should please support this program with focus and not to be discourage of what people are saying

Achuwa1:
They are always "trying to do" but does nothing & BMC is here masturbating on the thread as if any of them has benefited from it...
Mtchew.....

None of your so-called bmc may have benefitted from it, but there are so many people that have benefitted from programme!

Achuwa1:
They are always "trying to do" but does nothing & BMC is here masturbating on the thread as if any of them has benefited from it...
Mtchew.....

the jobless aggressive lazy idiotic pigs of Biafra should go and apply instead of wailing.

It is always "we will" or " we are going to do" & they splash it over the media with nothing to show for it while BMC will masturbate on the thread with different colours like they are doing on this one now.

This is a good initiative from the Federal Government,it will encourage the beneficiaries to do more knowing they can be rewarded if they do well with what is allocated to them...hopefully with this programme poverty will soon be forgotten in our nation...

More reasons am dissatisfied with every move in this country....

why must we always create micro enterprise, micro finance, small medium enterprises for our youth.....

why can't we create MEGA enterprise /finance for youths...

why can't we....for christ sake.....

For how many years...Micro enterprise.....

Most of u don't know frustration these guys are facing out there....

let's create something mega for them.......for once.