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Osinbajo to Visit Onitsha for MSME Business Clinic.

The Vice President of the Federal Republic of Nigeria, Prof Yemi Osinbajo will storm the commercial city of Onitsha on Thursday this week for a two-day Anambra MSME Clinic which will start on Wednesday, April 11, 2018.

The event which will hold at the All Saints Cathedral Onitsha will feature two segments of activities; open exhibitions by MSMEs and a business clinic where participating MSME operators in Anambra State will be exposed to important new approaches for survival and growth.

The two-day event is designed as a part of the Economic Recovery and Growth Plan by the Federal Government which is targeted at driving the nation’s economy out of recession and breaking the stranglehold of oil on the economy.

Central to the initiative is the need to create an enabling environment for all critical stakeholders to interact with each other to enable relevant federal agencies interface with MSME operators and proffer on-the-spot solutions to problems affecting MSMEs.

The Clinic is also expected to offer a veritable ground for effective communication of the policies, initiatives and programmes of the Federal Government that are intended to provide support to MSMEs.

The initiative is similarly intended to help promote Nigerian made goods through exhibitions.

According to collaborative surveys by the Nigerian Bureau of Statistics (NBS) and the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), there are an estimated 37,067,410 Enterprises doing business in Nigeria, with micro enterprises accounting for 36,994,587 of these enterprises. 

The survey also reported that MSMEs contribute an average of 48.47% to GDP annually, but only 7.27% to exports while providing 84.02% of the country’s total workforce. 

The MSMEs Clinics was launched in January 2107 by the Federal Government through the Office of the Vice Presidentin partnership with the Federal Ministry of Industry Trade and Investment to address obvious gaps that militate against the survival and growth in the sector.

Some states across the federation that have hosted the clinic including AbiaKwaraSokoto, Plateau, Katsina, Cross RiverOgunAkwa IbomOsunEbonyi and the FCT.

The Anambra MSME Clinic is expected to attract a lot of participants on account of the growing profile of the state as an emerging startup haven in the country. 

Many federal agencies are expected to attend the Onitsha event and provide critical linkages to the growing MSMEs including the Bank of Agriculture, Bank of Industry, Development Bank of Nigeria, the Corporate Affairs Commission, the Industrial Training Fund, the Federal Inland Revenue Service, the Nigerian Export Import Bank, the Nigerian Export Promotion Council, the Small and Medium Enterprise Development Agency of Nigeria and the Standards Organization of Nigeria among others. 


James Eze

Chief Press Secretary 



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