Wednesday, March 01, 2017 8.34AM / NESG
“Made-in-Nigeria,” a renaissance of local productivity is gathering momentum. In a bid to provide a logical perspective, realistic hypothesis and pragmatic approach that will drive the initiative, the NESG’s policy dialogue series held on the 13th February, 2016 focused on the theme.
The event was attended by the Honourable Minister of State for Industry, Trade and Investment, Mrs. Aisha Abubakar, Chairman of the NESG board of directors, Mr. Kyari Bukar, members of the board of NESG and other stakeholders.
Mrs. Abubakar stated that the federal government acknowledged the criticality of the Micro Small and Medium Enterprises (MSMEs) to nation building and is aware of the challenges inhibiting the players in the space from maximizing their potentials. At the heart of government business policy thrust are measures to rationalise multiple regulations and certifications of products originating from Nigeria.
A major resolution was that accommodating policies and specific interventions are imperatives to the growth and expansion of small businesses. However, MSMEs practitioners must form a cluster, embrace new business thinking and innovate with a view to form a critical mass that can perpetuate economies of scale.
NESG CEO Mr Laoye Jaiyeola, stated that the leading private sector think tank will be harmonising all the ideas on the industrial parks and clusters.
In the days ahead, NESG will organise a dialogue with the National Agency for Food Drug Administration and Control (NAFDAC) and continue to work with the Ministry of Industry, Trade and Investment on other related matters. He also stated that the NESG will liaise with NIPC on possible incentives for investments in rural areas.
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