Trade Fair: Oyo Govt Pledges To Unlock MSME Potential - EDU-BIZNEWS


Monday, July 8, 2024

Trade Fair: Oyo Govt Pledges To Unlock MSME Potential

Oyo State Government has expressed its readiness to provide the necessary support for Micro, Small, and Medium Enterprises (MSMEs), so as to unlock their full potential and ensure their long-term success.

The State Commissioner for Trade, Industry, Investment and Cooperatives, Adeniyi Adebisi made  this known in Ibadan when he played host to the organizers of the forthcoming Trade Fair in the state capital 

The newly deployed Commissioner played host to management of the Oyo State Chambers of Commerce, Industry, Mines and Agriculture (OYCCIMA), in his office.

Recognising the vital role that MSMEs play in the Nigerian economy, Adeniyi stressed the government’s responsibility to support these businesses, considering that they are the lifeblood of economic prosperity.

The Commissioner acknowledged the importance of collaboration between the government and private sector in driving economic growth and development.

Also playing host to the Nigerian Association of Small Scale Industrialists, NASSI, he assured both associations of his ministry's support and looked forward to working with them to achieve their shared goals.

He highlighted the importance of infrastructure development and security in creating a conductive environment for investments to thrive in the State.  

The commissioner noted that the Oyo State Government, under the leadership of Governor Seyi Makinde, has made significant investments in infrastructure development and security, including the recruitment of additional Amotekun security officers.

Adeniyi Adebisi, however, emphasised the need for MSMEs to embrace technology, innovation and adapt to evolving consumer demands.

He said, MSMEs in the State would be better positioned not just as participants in the global marketplace, but as leaders and innovators, setting the pace for others to follow.

The OYCCIMA delegation, led by its President, Dr. Daniel Gbadero, sought the commissioner's support and collaboration for the Trade Fair aimed at promoting businesses and industries in Oyo State. 

Similarly, the NASSI, led by the Ag. Chairman, Mr. Ogunjide Abraham, solicited help from the State Government to establish an enterprise zone, which would provide a hub for Industrialists and access to solar energy for constant power supply.

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