STATE HOUSE PRESS RELEASE

“VERY IMPRESSIVE, SO MUCH INNOVATION & CREATIVITY ON DISPLAY”:
VP VISITS TWO SMALL BUSINESSES IN ABUJA

*Restates FG’s commitment to growth of MSMEs

“It is very impressive that somewhere in Abuja, you can have so much manufacturing going on, so many people employed and so much innovation and creativity on display”, said Vice President Yemi Osinbajo, SAN, today during a visit to DLK Clothing Signatures LTD, a manufacturer of shoes, garments and other items, located in Lugbe, a suburb of Abuja.

The Vice President accompanied by Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, among other officials, also visited Roving Heights Book Store located at the Wuse II area of the FCT, as the 2021 MSME Week gets underway.

At the Lugbe facility, Prof. Osinbajo was conducted round the different production lines by the CEO of the company, Barr. Lovelyn Mbanefo. He was taken round the shoe-making line, garment factory and the face mask production line. The VP interacted with the workers at the factory as he observed the inner workings and the different processes in the production line.

At the Roving Heights Book Store in Wuse II, the Vice President was conducted around the Book Store by Ms Nike Oyetunde, the Co-founder of the book store, where the professor bought a few titles and was told about the business operations and how sales fare in the book store.

Speaking in a chat with journalists during the tour, Prof. Osinbajo said the Federal Government will continue to give priority attention to MSMEs especially those creating jobs for Nigerians.

According to him, “this is our MSME Week, we are looking at star MSMEs here and there, looking at what they are doing and in what ways we can support them, so we are looking forward to working with them.”

At the Lugbe stop, the VP told reporters “we are here at the DLK manufacturing company. They manufacture, as you have seen, boots, shoes, special uniforms for the NYSC, for the Armed Forces, and they also make bags and masks. Even face masks.

“This is quite an impressive facility because first, there is a wide range of products that are manufactured right here, and secondly, there is a good number of young men and women that are employed.

“Thirdly, and importantly, the equipment is state-of-the-art. We have looked around and we have seen that you can do practically anything here. You can do all of the manufacture of boots for the Armed Forces, and they already have something they are doing for the Armed Forces, the Customs Service, and the NYSC.”

He expressed satisfaction with the operations of both MSMEs and said what he had observed was quite impressive.

In commemoration of the 2021 MSME Week, culminating in the World MSME Day on June 27, series of activities have been planned.

Only yesterday, the Vice President held a virtual interaction with leaders of the organized private sector on issues bothering on the economy, especially the growth of MSMEs.

The President of NASME, Mr. Orimadegun Agboade, praised the Vice President for his “personal attention to MSMEs Clinics, describing the VP’s support as “more than what we can express.”

On Thursday, June 24, the first National MSME Discourse which will focus on challenges and prospects in the MSME sector will be declared open by the Vice President with panelists and discussants drawn from the public and private sectors.

On Friday the National Fashion and Arts Exhibition featuring notable fashion designers across the country will be held at the State House Banquet Hall, while the grand finale of the week, the National MSME Awards will hold on Sunday June 27 at the same venue.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
22nd June 2021

This initiative call MSMEs clinic alone is an advantage for Nigerian youths especially those who are into business, government always encourage business owners take for instance, number of registered business at the CAC is almost 5 million, and government slashed the fee by 50% thanks to the VP and also 250,000 free business registration courtesy of Osinbajo's NESP, slashed NAFDAC product registration by 80% to cushion the effect of covid19, and always want to do more in the process. MSME is the hope of youths employment in Nigeria.

A good and intelligent vice president being rendered uselessss in terrorist lead administration.

Werey dey disguise

MadamVanessa:
A good and intelligent vice president being rendered uselessss in terrorist lead administration.

Your opinion is stale and considered irrelevant.

TheRareGem1:


Your opinion is stale and considered irrelevant.

For you to quote me shows that it's irrelevant.

Nice one

And we are yet to receive NYIF from federal government
Federal of deceivers

This programme has helped alot of young entrepreneurs, which has also help our economic growth. I can remember one Orioye guy from Ondo state that benefitted who made it to the news tittled (From village to Villa ) God bless you Mr VP as you continue the good work

MadamVanessa:



For you to quote me shows that it's irrelevant.

You should go and read more about MSME Clinics and its impacts on MSME/ business owners

Good initiative

Ok. Good to know.

MadamVanessa:
A good and intelligent vice president being rendered uselessss in terrorist lead administration.

Wallai na true u talk

The support this administration has given MSMEs has been great. MSMEs contribute a whole lot to economic growth.