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Katsina Governor, Dikko Radda has revealed plan to establish a Ministry for Micro, Small and Medium Scale Enterprises (MSMEs).
The governor, in the statement to commemorate the ‘2023 World MSMEs Day’, asserted that SMEs play a vital role in the economic growth of any nation.
Celebrated on June 27 every year, the MSMEs Day is aimed at honouring SMEs’ role in achieving the Sustainable Development Goals (SDGs). According to Dikko Radda, the economy would have since gone comatose if not for the efforts of thousands of SMEs in the country.
Though the enabling environment for several MSMEs to thrive in the country is absent, the Katsina State chief executive said many small business ventures have been helping to create jobs, while also tackling youth unemployment.
He said: “SMEs account for up to 90 per cent of businesses, 60 per cent to 70 per cent of employment, and they account for half of global GDP, according to the United Nations (UN). That is why I am of the conviction that the theme of this year’s celebration, which is ‘Building a Stronger Future Together’ is apt. The contributions of MSMEs are invaluable. They have boosted the growth of many world economies.
“Here in Nigeria, the feats performed by many SMEs cannot be enumerated. But that is not to say that everything is now Uhuru for many small business enterprises in the country. They still need government support in many ways, even though the Small and Medium Enterprise Development Agency (SMEDAN) has been coming to their aid.”
Governor Radda, who explained that having a Ministry of MSMEs in Katsina is one sure way to help nurture, grow and ensure the survival of businesses with little capital, assured the proposed ministry will be given maximum support to actualise its intended objectives.
“The MSMEs ministry we are planning to establish will be under my personal watch. I will ensure it gets the necessary supervision it needs, administratively.
“The template I used in repositioning SMEDAN, between 2016 and 2022, when I was the agency’s director general, will be adopted for our proposed ministry. I still recall, with fond nostalgia, how our team in SMEDAN unveiled and implemented several reform policies that aided the growth of Nigerian SMEs,” he said.
