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Small enterprises help to boost Nigeria's economy... – FG

16th Dec, 2019 | By Abu-Sadiq H and Josephine Ajadi | ||

he Federal Government has said that small enterprises have contributed to the economic development of the country because they constitute half of the country's Gross Domestic Product (GDP).

The Permanent Secretary in the Ministry of Industry, Mr Edet Sunday Akpan, stated this at the 11th meeting of the National Council of Industry in Abuja. He informed that the Federal Government has prioritised the growth of small businesses to boost industrialisation. The theme of the meeting is "The role of small and medium Businesses in Poverty Alleviation in Nigeria: The way Forward " The theme is apt in line with the commitment of the President Buhari-led administration to address economic challenges confronting the country and to set the target of lifting one hundred million Nigerians out of poverty, Akpan said.

The vision of the Federal Ministry of Industry, Trade and Investment is to create employment, promote economic growth, generate wealth and this is pursuing the mandate of boosting the development of micro, small and medium enterprises as the engine of economic development in Nigeria, he said.

He added that small scale businesses remain the engine of growth in Nigeria's economy so the Federal Government has put certain measures in place to strengthen them as the bedrock of industrialisation, job creation and poverty alleviation. These measures include increased access to finance and the elimination of bottlenecks in the conduct of business among others

News Update

The Minister said this during the presentation of FCT 2020 statutory budget to the joint sitting of the Senate and House of Representatives Committees on the FCT.

To ensure strict compliance with the Abuja Master Plan and permanently tackle traffic situation within Gwarinpa the Federal Capital Territory Administration (FCTA) said it would remove no fewer than 850 makeshift shops/houses (popularly called 'batchers') and shanties along the N16 road.

Speaking to journalists last week during commencement of sitting of a mobile court at the head office of Directorate of Road Traffic Services (DRTS), popularly called Vehicle Inspection Office (VIO), in Mabushi, Abuja, authorities of the organization defended the establishment of the court saying it was set up by FCTA to decide the fate of traffic offenders.

Ahead of the planned revocation of plots of land situated in serviced areas of Federal Capital City (FCC), the FCT Administration (FCTA) has inaugurated a task team to holistically verify all identified undeveloped plots of land where infrastructure has already been provided.

Malam Bello made the pledge when he received a delegation of the FCT Sharia Court of Appeal led by the Grand Khadi, Justice Ibrahim Rufa'i Imam who was on a courtesy visit to FCTA.

Minister of State, FCT, Dr. Ramatu Tijjani Aliyu, made the clarion call and promised to reward such corps members who distinguish themselves during the one-year mandatory service..


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