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Home Government Minister Inaugurates Committee on MSMES
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Minister Inaugurates Committee on MSMES

By
Umar Maryam Yusuf
-
October 12, 2017
A woman takes Nigerian Naira from a bank's automated teller machine (ATM) in Ikeja district in the commercial capital Lagos November 12, 2014. Nigeria's naira currency weakened slightly on the interbank market on Tuesday due to strong demand for dollars from foreign investors. REUTERS/Akintunde Akinleye (NIGERIA - Tags: BUSINESS) - RTR4DUX1
The Minister of State for Industry, Trade and Investment Hajia Aisha Abubakar has inaugurated the National Technical Implementation Committee (NTIC) of the National Council on Micro Small and Medium Enterprises (MSMEs) in Abuja.  The committee which is made of Public and Private Organization that are stakeholders in the business industry was charged to digest the issues in the proposal thoroughly and make valuable inputs that will be presented to the National Council on MSME which is chaired by the Vice President Professor Yemi Osinbanjo.
 
The proposal highlighted the areas of reform such as improve regulation, access to finance, enabling business services and improved access to market.
 
While inaugurating the committee, the Minister revealed that the MSME account for 84 percent of the labour force, adding that the total number of SMEs in Nigeria stood at 37,067,416.  Hajia Abubakar however lamented that MSMEs in Nigeria were facing challenges such as multiple taxation, policy and regulatory problems, lack of access to finance and difficulty in accessing the market in some cases.
 
She therefore, reminded members that the MSME was key to job creation and sustenance of security.  The Minister further said that the Vice President was passionate about the MSME and urged them to be innovative in their submissions so as to make changes that form part of their legacies.
 
UMAR MARYAM YUSUF
For: DD Press, FMITI.
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Local Government Autonomy Not Negotiable — FG DeclaresNigeria’s Future Rests on Smart Defence Management — Badaru to Military LeadersCustoms Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDACTroops Intercept 3 Gunrunners, Seize Weapons, Cash in KadunaTroops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQSoludo and Radda’s Candid Confessions on Homegrown Terror By Tahir AhmadRat Story Was a Smokescreen to Divert Attention from Buhari’s Health - Garba Shehu RevealsNigeria's Second Chance at a Global Cashless Future By Fatimah Yusuf UsmanAir Chief Rallies New Intelligence Officers for Proactive Security ResponseCustoms, NAFDAC Activate MoU to Fight Substandard Products By Abdullah MaiwadaNELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 StudentsNNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements - Senate InsistsPresidency Debunks Misleading Reports on VP Shettima’s Remarks at Book LaunchPolice Arrest, Repatriate Chinese Fugitive Wanted for Tax FraudMurder of Wedding Guests: Plateau Court Remands 20 Suspects
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