The Vice-Presidential Candidate of the People's Democratic Party, PDP, in the 2019 General Elections, Mr Peter Obi, has pointed out that committed support for Micro, Small and Medium Entreprises (MSMEs), through well articulated fiscal and monetary policies, remains the surest way of eradicating poverty in Nigeria.

Obi, who has remained a committed advocate of a private sector-driven economy as the engine of economic growth, made the remark in a message to mark the International Day for the Eradication of Poverty. He maintained that a government desirous of taking people out of poverty, must support the small business sector.

He explained that comparable economically progressive countries like Indonesia, Vietnam, Philippines etc each has a thriving private sector which encourages Entrepreneurship, Innovation, Job creation and Poverty Reduction. He observed that the public sector is often associated with mismanagement of resources, financial imprudence and looting of public funds that end up deepening the level of poverty in the country.

"There is a strong positive relationship between economic growth, MSMEs growth, GDP per capita growth and overall development of the economy. A vibrant private sector, especially the MSMEs, will not only benefit the people through job creation and increase in economic activities, but will also benefit the government which will be able to generate more revenue through taxation, when more people are gainfully employed.

"For example, Indonesia, with a population of 260 million people, has about 150 million of its population as the workforce, and MSMEs employ over 90% of this workforce, which is about 135 million people, and contribute over 60% of Indonesia's GPD. So the Nigerian government must support the small business sector in order eradicate poverty", Obi concluded.

He further advised Nigerians to embrace innovation and entrepreneurship, which are mostly showcased through MSMEs, noting that this will definitely lead to job creation and poverty eradication.

The International Day for the Eradication of Poverty is celebrated on October 17 every year.

Lalasticlala
Seun

Today is International Day for the Eradication of Poverty.

Let us give this a voice

All this your plenty advice of lately CAN'T and WON'T make us forget PANDORA

Nice one Obi.. very competent hand for President.

Yoruba wan sell propaganda with pandora and gibberish ... no buyer.

Nigeria politician without stain... even with all muds Yoruba are throwing .. garment remain political pure ..

What a man!

Next presidential debate should be .. between OBi and Tinubu..

We wan check something.. Osibanjo don scratch DJ the last outing .. let’s try Tinubu.

benuejosh:
All this your plenty advice of lately CAN'T and WON'T make us forget PANDORA

You and your entire family members are not worth one bag of rice....

XXXXTENTACION:
You and your entire family members are not worth one bag of rice....

My degrees are worth more than your useless sense.

benuejosh:
My degrees are worth more than your useless sense.

you mean degrees in asslicking and propaganda spreading....
It's not our fault that you did'nt go to school, but at least try to leave space for more sensible people to comment....