Osinbajo lauds Bank of Industry, Others on MSMEs growth


THE Vice President, Yemi Osinbajo, has expressed gratitude on the various intervention programmes being implemented by the Bank of Industry to support the growth and development of the Micro, Small and Medium Enterprises sector.

A statement said Osinbajo who made the commendation at the 5th National MSME Awards Dinner in Abuja, also praised the efforts of the Bank of Agriculture, the Federal Inland Revenue Service, the Corporate Affairs Commission, the Standards Organization of Nigeria among others in promoting the growth of MSMEs.

The Vice President introduced the National MSME Awards in 2018 to complement the efforts of the National MSME Clinics, encourage and reward outstanding MSMEs doing business in Nigeria.

It stated that the 2022 edition of the awards was the fifth in the series and held on the 2022 World MSME Day as declared by the United Nations, with entries of 14,020 from businesses across the country.

Speaking at the event, the Vice President said that the resilience, energy and creativity of young Nigerians are the guarantee that the country will thrive and provide jobs and opportunities for the millions of youths coming into the job market yearly.

Praising the steadfastness and contributions of young entrepreneurs who won prizes at the event, the Vice President said, “These MSMEs tell the story of our country’s great economic future.


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