Prof. Osinbajo made this assertion Monday during the MSME Clinics Stakeholders’ review meeting at the Presidential Villa, attended by heads and representatives of agencies including SMEDAN, BOI, NEXIM, BOA, SON, FIRS, NAFDAC and others.
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Tola Johnson, Special Assistant to the President on Micro Small and Medium Enterprises, Office of the Vice President, made this known on Friday in Abuja.
Ebenezer Onyeagwu, the Group Managing Director of the bank, gave the advice at the Lagos Chamber of Commerce and Industry financial services group webinar on Thursday.
This in turn grows the economy and creates more employment opportunities for young Nigerians especially, according to Vice President Yemi Osinbajo (SAN).
The Minister of State, Industry, Trade and Investment, Ambassador Mariam Katagum, disclosed this on Thursday while briefing newsmen in Abuja.
This is as the government plans to pay over 400,000 staff of already shortlisted businesses by the end of October.
The UBA Business Series, which is held quarterly, is an MSME workshop and capacity building initiative, where leading business leaders share insights on best practices for running successful businesses in the face of huge economic challenges.
The Bank also plans to fund the value chains of nine commodities to the tune of N432 billion in the 2020 wet season.
The address, which would form part of the 2020 MSMEs award, would hold July 16, said Tola Johnson, Special Assistant to the President on MSMEs, Office of the Vice President.
Vice President Yemi Osinbajo on Saturday inaugurated Micro, Small and Medium Enterprises Shared Facilities for Fashion, Style and Shea Butter production in Ibadan, Oyo State.
The Development Bank of Nigeria has launched her first television commercial to be broadcast across various platforms to educate the teeming Nigerian Micro, Small and Medium Enterprises on how to access the DBN loans through the various Participating Financial Institutions.
The MD/CEO of the Bank, Ifie Sekibo, disclosed this in a statement signed by the Divisional Head, Corporate Communications of the bank, Fela Ibidapo.
President of the Senate, Dr Bukola Saraki, has urged financial institutions to enunciate economic policies that will elicit development in Micro, Small and Medium Enterprises (MSMEs) sub-sector in the country.
Nwoke told the News Agency of Nigeria in Lagos that the figure was inadequate, given the country’s population of 170 million consisting of people at the bottom of the social pyramid as target of the banks.
Jonathan presented N500 million cheque to Governor Emmanuel Uduaghan of Delta State and N260 million to his Akwa Ibom State counterpart, Godswill Akpabio, as their states’ share of the fund
The minister said he would recommend that an appreciable percentage of government’s expenditure be spent on the MSMEs sub-sector annually to enhance the growth of the economy