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Govt Tackles MSMEs Challenges With Four Critical Reforms

Govt Tackles MSMEs Challenges With Four Critical Reforms

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The Federal Government said it has identified four key reform areas needed to tackle challenges of Micro Small and Medium Enterprises (MSMEs) in the country.

Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, made this known during the official inauguration of the National Power Programme for MSMEs and formal unveiling of Tellco Europe Nigeria Ltd, in Lagos.

She stated: “The areas includes improve regulatory environment, ease access to finance, enable business support services and improve access to market for MSMEs. The MSMEs clinic nationwide was introduced by the government to improve the ease of doing business by bridging the information gap and encourage them to be more efficient and capable of competitiveness.

“The clinic brings together all the relevant Ministries Department and Agencies (MDAs) to take enquiries and solve real time challenges facing MSMEs operators. It raises awareness and promotion for goods and services produced by MSMEs operating in Nigeria.”

The minister who was represented by Dr. Francis Alaneme from the ministry said that government believed that supporting small businesses by promoting green MSMEs was essential for increasing productivity and boosting economy development.

“This is why government is working with stakeholders across all sectors to ensure that MSMEs have the support they need to grow now and in future. This can be witnessed in the milestone being achieved by the Presidential Council on the Ease of Doing Business,” she said.

Abubakar commended Tellco Europe and SolarLed Solutions for the efforts they had made in trying to provide clean energy for MSMEs in the country.

She said: “This is in tandem with Sustainable Development Goals (SDGs) and considered as a pathway towards sustainable economic growth. By this, there will be massive job creation, competitiveness, wealth creation, foreign exchange generation and improvement in the standard of living of the populace.”

On his part, Chief Executive Officer, Tellco Europe, Mr. Rudoff Fiedler, said that over 600 million people live without electricity in Sub- Sahara African.

In his remark, Chairman of Tellco Europe, Prof. Wale Omole, former Vice-Chancellor of Obafemi Awolowo University (OAU), said it was a pity that the country had more sunlight but still in darkness. He however added that light has come to Nigeria through Tellco.

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