FG to set up world class MSME facility in Borno.

Vice President Osinbajo and Minister of State Trade and Investment Ambassador Maryam Katagum inspecting exhibition at the pavilion in Maiduguri.

By Dauda Iliya

The Federal government is to establish a world class facility to drive the growth and development of micro, small and medium enterprises in Borno state. 

Vice President Yemi Osinbajo announced this during the launch of the thirtieth edition of Micro, Small and Medium Enterprises MSMEs Clinic in Maiduguri, the Borno state capital. 

The micro, small and medium enterprise clinic was created in 2017 to serve as platform for relevant government agencies interact with stakeholders on better ways of improving businesses in the county. 

The platform will also help in addressing challenges affecting the sector which include financial constraints, technological drawbacks, human resource capacity and access to markets. 

Vice President Yemi Osinbajo said the international standard share-facility which would be established in Borno state with the support of private sector will create opportunity for businesses to thrive. 

“Mr President has directed that such a facility must reflect the choices of people of the state and must be commissioned in the next four months ” Osinbajo said.

Professor Osinbajo remarked that about thirty thousand MSMEs in the state have benefitted from federal government survival fund amounting to 1.5 billion naira.

He commended Governor Babagana Zulum for his commitment and executing laudable projects despite the lean resources. 

Minister of State Trade and Investment Ambassador Maryam Katagum lauded Borno state Governor for creating safe and enabling environment for MSMEs to operate and foster.

Ambassador Katagum expressed determination of the Federal government to reposition the sector for growth and development of the economy 

Borno state Governor Babagana.Zulum said in the last two and a half years, the state government has disbursed over four billion naira to expand small businesses among women and youth. 

Some entrepreneurs Engineer Abubakar Gajibo and Ali Balabaya called on Federal government to address issue of power supply and provide incentives for small enterprises in the state. 

Correspondent Dauda Iliya reports that Professor Osinbajo also inaugurated legacy projects in areas of education, healthcare, infrastructure, visited IDP camps and an orphanage facility during his official visit. 

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