BusinessNews

MSMEs Population‘ll Enhance Contribution To GDP –Ambode

MSMEs population‘ll enhance contribution to GDP –Ambode

The Lagos State Governor, Mr Akinwunmi Ambode, has said that the ability of the government to leverage the Micro Small and Medium Enterprises sector’s population in Nigeria will further enhance the sector’s contribution to the nation’s Gross Domestic Product.

He said that the population of the sector put at 37 million by the Small and Medium Enterprises Development Agency of Nigeria and the National Bureau of Statistics collaborative survey of 2013 “portends greater economic viability for Lagos State, being the commercial nerve centre of the country.”

He stated this through the Commissioner for Commerce, Industry and Cooperatives, Mrs Olayinka Oladunjoye, at the opening ceremony of the third MSMEs trade fair in Lagos recently.

At the fair which was jointly organised by the Nigerian Association of Small Scale Industrialists and the Lagos State Government, the governor said it was imperative for Nigeria as a nation and Lagos as a state, to create a platform that would essentially empower MSMEs for expansion, which in turn would create economic value.

Ambode explained that the coming together of MSMEs under the umbrella of NASSI for the annual trade fair and exhibition served as a stimulus that would increase the productivity and profitability of the sector.

“Let me, therefore, use this opportunity to encourage the leadership of NASSI to continue this laudable programme, while also challenging other business member organisations to start a programme of this nature where small businesses are given the centre stage to showcase their products to the whole world,” he said.

Punch

Comment here