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Investment In MSMEs Shows FG's Readiness To Power Industrial Growth - Oyebanji

Ekiti State Governor, Mr Biodun Oyebanji, has disclosed that the huge investment being made by the Federal Government to ramp up the growth of Micro, Small and Medium Enterprises(MSMEs) underscored the high proclivity of President Bola Ahmed Tinubu to enterprise development and bring inclusive growth to Nigerian economy.

Governor Oyebanji said MSMEs accounted for about 50 percent of the Gross Domestic Product (GDP) of the developed nations, saying huge investment being made towards developing the sector would help in driving Nigeria to overcoming the menace of poverty and unemployment.

The Governor added that considering the exponential spiraling in the level of unemployment rate in the country, it has become increasingly important for Nigeria to introduce more young people to entrepreneurship education.

Oyebanji said these on Thursday while hosting the Vice President, Senator Kashim Shettima who visited Ekiti State to commission the MSMEs Clinic in Ado Ekiti built by the Federal Government in partnership with his government.

Present at the event were the Senate Leader, Senator Opeyemi Bamidele; Minister of Solid Minerals, Dr Dele Alake; Deputy Governor, Chief (Mrs) Monisade Afuye; Speaker Ekiti State House of Assembly, Rt. Hon Adeoye Aribasoye; Senior Special Assistant to the President on Job Creation and MSMEs, Mr Temitola Adekunle- Johnson and heads of economic regulatory agencies.

Oyebanji in his speech at the event opined that the project represents a pragmatic step being taken by the Federal Government to make the youth economically conscious and contribute to the growth of GDP.

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