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Osinbajo Lauds Ugwuanyi On Entrepreneurship Programmes

Nigeria’s Vice President, Prof. Yemi Osinbajo has commended Governor

Ifeanyi Ugwuanyi of Enugu State for his administration’s unceasing

cooperation with the federal government in the advancement of the set

objectives of the Micro, Small and Medium Enterprises (MSME) in the

state and beyond.

Prof Osinbajo, who said he was “extremely delighted” with the

“kindness and warm reception” the state government always accords him

whenever he visits Enugu State, also applauded Gov. Ugwuanyi for “the

very great steps” his administration has taken in the growth and

development of the MSME programme.

Prof. Osinbajo gave the commendations, during the Enugu edition of the

National MSME Clinic held at the popular Michael Okpara Square, to

underscore the progress recorded so far in entrepreneurship and MSME

development programme of the state and federal governments, with the

aim of improving the living standard of the people, more especially

the youth, women and the less privileged.

The Vice President added that Governor Ugwuanyi’s administration “is doing

very well for the MSME” and in advancing the interest of small

entrepreneurs, stressing that “the governor deserves a warm applause

for the great works he has been doing”.

Prof Osinbajo, who noted that the MSME Clinic initiative was

“particularly important” to the federal government, extended its hand

of cooperation and fellowship to Gov. Ugwuanyi’s administration,

disclosing that President Buhari’s administration “is fully committed

in supporting states regardless of political or ethnic affiliations”.

He further disclosed that the federal government has “provided close

to N2 trillion” for its social investment programmes, stressing that

“small businesses are the future of our country”.

While reiterating the federal government’s commitment to the growth

and development of entrepreneurship and small businesses, Prof.

Osinbajo, expressed confidence that “together we will bring the

deserved prosperity, not just to the people of Enugu State, but also

to the people of Nigeria”.

Governor Ugwuanyi, who welcomed the Vice

President, his entourage and other stakeholders, to Enugu for the

event, commended President Buhari for “the vision behind the

conception of this National MSME Clinic”.

Governor Ugwuanyi said that the programme was  another laudable addition

to the numerous people-oriented initiatives the federal Government has

introduced to fast track socio-economic development and improve the

welfare of the people “more especially the youths, women and the less

privileged”.

The governor disclosed that “Enugu State has indeed continued to enjoy

a mutually rewarding and strategic partnership with the Federal

Government on several fronts”, stating that his administration, in

keeping with the Vice President’s directive, had inaugurated Enugu

State Council on Ease of Doing Business aimed at promoting business

engagements.

The governor said that Enugu is one of few states that have fully

implemented the programme of the CBN 220 Billion MSME Development

Fund, by funding over 2000 MSMEs, adding that the state has also

“returned about N400 million out of the first tranche of N500 million

received from CBN”.

According to him, “we wish also to commend, the CBN on the “Ose

Nsukka” (Nsukka Yellow Pepper) Anchor Borrowers Program as well as

other initiatives of the Bank in Enugu State.

“Our counterpart funding with the Bank of Industry (BOI) has produced

over 36 SMEs worth more than N399 million in project value.  From

2015, Enugu SME Center, our foremost enterprise development institute,

has trained over 35,000 MSME owners and aspiring entrepreneurs

including women and youths; and we have empowered more than 2400

traders with N50, 000 each through our raffle program open to all

MSMEs in 54 local markets in the State.

“On the social investment scheme, our school feeding program is doing

well, and over seven thousand applicants have benefited from

Government Enterprise Empowerment Program (GEEP), otherwise called

‘Market Moni’.  Under the N-power programme, Enugu State has received

and successfully deployed over 16,000 beneficiaries to schools, farms

and other places of assignment.  We are currently concluding

arrangements to officially launch the implementation of the

Conditional Cash Transfer (CCT) in six selected local government

councils.

“We are thus, leveraging social investment programs, both ours and

that of the Federal Government to lift our people out of abject

poverty while devoting MSME development funds to the formation of

MSMEs that create wealth, jobs, empower people and also transform

communities. All these are anchored on our firm belief that

entrepreneurship and enterprise development are the pathways to

sustainable development, employment creation and poverty eradication.

“We are happy therefore to join hands with our dear Vice President to

use the National MSME Clinic to unleash the potentials of our private

sector using MSMEs and also ensuring that the clinic remains

sustainable”.

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