200,000 Yam Storage Facility for MSMEs to be inaugurated by FG

Nigeria's President Buhari Signs N17.127tr 2022 Budget and 2021 Finance Bill Into Law
President Muhammadu Buhari

To further demonstrate its commitment to the growth and survival of small businesses across the country through the provision of critical infrastructure ,the federal government will, on June 9, inaugurate the 200, 000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue, according to a statement released by  the  Presidency in Abuja.

The facility, located at the Zaki Biam International Yam Market, is part of the National MSMEs Shared Facility Scheme, being implemented by the federal government under the National MSMEs Clinics.The shared facility project, an initiative of the National MSMEs Clinics, is aimed at providing for the needs of businesses under a production cluster arrangement.

The pilot scheme was inaugurated by Vice President Yemi Osinbajo in Oyo (the production of Shea-butter, and the Fashion Industry) and Bauchi (Production of Groundnut Oil, and the production of Liquid/Hard Soaps).

According to the special assistant to the president on MSMEs in the office of the Vice President, Mr Tola Johnson, the facility will cater for the needs of smallholder farmers and MSMEs who hitherto lost huge revenues due to lack of access to adequate storage facilities. The initiative is seen as one of the ways the federal government is encouraging small business owners in the country.


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