{"id":33229,"date":"2020-12-08T16:25:48","date_gmt":"2020-12-08T16:25:48","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=33229"},"modified":"2020-12-08T16:25:48","modified_gmt":"2020-12-08T16:25:48","slug":"nigerian-govt-offers-free-registration-to-msmes-to-attract-investment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-govt-offers-free-registration-to-msmes-to-attract-investment","title":{"rendered":"Nigerian govt offers free registration to MSMEs to attract investment"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>The Nigerian government has begun an assessment of the country\u2019s investment policy with a view to promoting investments especially in the Micro, Small and Medium Enterprises (MSMEs) that measure up to Nigeria\u2019s economic development objectives within the purview of the Responsible, Inclusive, Balanced and Sustainable Policy framework.<\/p>\n

Minister of Industry, Trade and Investment Adeniyi Adebayo said in Abuja on Monday that the government would register 250,000 MSMEs free of charge as part of the strategies aiming to curb unemployment and empower Nigerian units.<\/p>\n

He observed that youths were a significant part of the economy, considering that Nigeria had a large youth population comprising creative, ingenious, vibrant and diligent individuals with the capacity to become global leaders.<\/p>\n

\u201cData from the Nigerian Bureau of Statistics show that youths make up 64 per cent of the total unemployed Nigerians. Partly as a result of this, many Nigerian youths, being ever-resilient, have directed their creative energy, ideas and innovations into establishing MSMEs,\u201d said Adebayo, who spoke at the 2020 Ugwumba Enterprise Challenge for young leaders\u2019 business start-ups.<\/p>\n

\u201cThese now constitute about 96 per cent of the total number of enterprises, 50 per cent of National Gross Domestic Product and 70 per cent of the nation\u2019s workforce.<\/p>\n

\u201cRight now, under the Economic Sustainability Plan, the government is funding registration for 250,000 MSMEs, which would be registered at zero cost. We are also concessioning two Brownfield Special Economic Zones while commencing work on developing four additional greenfield sites across the country,\u201d he added.<\/p>\n

The chairman of the Ugwumba Centre for Leadership Development in Africa, the organiser of the event, Othman Usman, enjoined Nigerian youths to embrace profitable initiatives in their interest as well as that of the country particularly by leveraging opportunities offered by MSMEs.<\/p>\n

Opinions<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigerian government has begun an assessment of the country\u2019s investment policy with a view to promoting investments especially in the Micro, Small and Medium Enterprises (MSMEs) that measure up to Nigeria\u2019s economic development objectives within the purview of the Responsible, Inclusive, Balanced and Sustainable Policy framework. Minister of Industry, Trade and […]<\/p>\n","protected":false},"author":84,"featured_media":33228,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,1890,366,1889,254],"class_list":["post-33229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-industry","tag-investment","tag-msmes","tag-nigeria"],"yoast_head":"\nNigerian govt offers free registration to MSMEs to attract investment - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-govt-offers-free-registration-to-msmes-to-attract-investment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian govt offers free registration to MSMEs to attract investment\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Nigeria. The Nigerian government has begun an assessment of the country\u2019s investment policy with a view to promoting investments especially in the Micro, Small and Medium Enterprises (MSMEs) that measure up to Nigeria\u2019s economic development objectives within the purview of the Responsible, Inclusive, Balanced and Sustainable Policy framework. 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