close
Wednesday, July 16, 2025

FG reiterates commitment to unlocking Nigeria’s MSME ecosystem

Ms Oduwole said the ministry would partner with SMEDAN to support MSMEs as a key driver of inclusive economic growth.

• July 15, 2025
Jumoke Oduwole
Jumoke Oduwole

The Ministry of Industry, Trade, and Investment has reiterated its commitment to unlocking the full potential of Nigeria’s Micro, Small, and Medium Enterprises (MSMEs) ecosystem.

The Minister, Jumoke Oduwole, said this during a visit to the director-general, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, in Abuja.

Ms Oduwole said the ministry would partner with SMEDAN to support MSMEs as a key driver of inclusive economic growth and sustainable development.

She conducted an extensive inspection of the agency’s Common Facility Centres (CFCs) dedicated to garment production, furniture making, recycling, and food packaging.

Ms Oduwole expressed admiration for the tangible progress made by SMEDAN under the leadership of Odii.

She particularly commended the GROW Nigeria strategy, a bold, people-focused initiative that seeks to provide guidance, resources, opportunities, and workforce support for Nigerian MSMEs.

The minister said the strategy directly aligned with the “Nigeria First” policy championed by President Bola Tinubu.

She said SMEDAN’s focused interventions were clear indicators of Nigeria’s readiness to strengthen local production, boost job creation, and enhance the competitiveness of indigenous enterprises.

“It is heartening to witness firsthand how these well-equipped centres are empowering small businesses to thrive.

“The GROW Nigeria framework is a transformative model that encapsulates the vision of the Renewed Hope Agenda by promoting Made-in-Nigeria goods and supporting value addition across the MSME sector,” she said.

Responding, the SMEDAN director-general reaffirmed the agency’s commitment to creating an enabling environment for MSMEs.

Mr Odii said this would be ensured through strategic partnerships, enterprise support services, and sustainable industrial clusters across the country.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

FAYOSE

Anti-Corruption

Court acquits ex-Ekiti governor Fayose of money laundering charges

Mr Fayose had been standing trial on allegations of money laundering and fraud during his tenure as governor of Ekiti.

Dangote, Otedola, Alakija,Adenuga

Economy

Dangote urges wealthy Nigerians to invest in Nigeria

“No nation develops without significant investments. I appeal to all wealthy Nigerians to look inward and invest here, in Nigeria, for the future of our unborn kids,” said Mr Dangote.

President Bola Tinubu and Awujale of Ijebuland, Oba Sikiru Kayode Adetona at Ijebu Ode (Credit: Bayo Onanuga)

Politics

Ogun women vow to realise Awujale’s vision for Ijebu state

The I-Women vowed that, as a collective of progressive and committed Ijebu women from diverse walks of life, they would remain committed to the cause of Ijebu state.

Emmys 2025

Heading 2

Emmys 2025: Severance, The Penguin, The Studio, White Lotus top nominations

This year’s Emmy nominations are led by Apple TV+’s thriller series Severance, which scored the most nods with 27.

Ondo NURTW

States

Kaduna NURTW seeks FG’s intervention on road construction

Hassan Ibrahim, the union’s secretary, made the call on Wednesday in an interview in Kaduna.

Abuja

Türkiye warns Tinubu government of Fethullah terrorist group in Nigeria

“Unfortunately, the FETO terrorist organisation still maintains its activities in Nigeria, particularly in the fields of education and healthcare,” said the Turkish ambassador.