• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Tuesday, June 30, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

MSMEs backbone of the Nigerian economy – Minister

Nathaniel Irobi by Nathaniel Irobi
April 3, 2025
in News
0
MSMEs backbone of the Nigerian economy – Minister
0
SHARES
1
VIEWS
FacebookTwitterWhatsappEmailTelegram

Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has described Micro, Small, and Medium Enterprises (MSMEs) as the backbone of the Nigerian economy.

Oduwole stated this on Wednesday in Makurdi at the opening of a 2-day Benue Inventors and Entrepreneurs Exhibition 2025.

RelatedPosts

BREAKING: Court Grants Sowore Bail On Stringent Conditions

First Lady’s ‘akara’ comment reflects gradual business growth, resilience, group says

ISWAP Arrests: Nigeria Orders Security Sweep for 2027 Hajj Pilgrims

The minister stated that MSMEs contribute more than 48 per cent to the country’s Gross Domestic Product (GDP) and also account for 96 per cent of businesses and 84 per cent of employment.

She said that entrepreneurship was a key driver of any thriving economy and urged the Nigerians to continue to strive in the sector.

Oduwole said the Federal Government was committed to implementing policies and initiatives that would strengthen the MSMEs.

The minister promised that the government would continue to work on ease of doing business.

“This is just a call to action to continue to support your ingenuity, and we commend your resilience and your determination to build businesses that not only meet your needs in this community but also contribute to the broader economic landscape.

“So the products on display today are a testament to your hard work and creative vision, and I have no doubt that these products are poised to compete both locally and on the global stage.

“To the esteemed consumers and visitors here today, this exhibition offers you an opportunity to experience firsthand the quality and innovation of locally made products.

ALSO READ:  NAF Empowers Technical Force With 628 AFIT Graduates In 2022/2023"

“By supporting these businesses, you’re contributing to the growth of our national economy, creating jobs and promoting sustainable development.

“Let us make a conscious effort to prioritise made-in-Nigeria products,” she said.

Oduwole commended Gov. Hyacinth Alia for his vision and commitment to fostering an environment that empowers entrepreneurs, promotes local production and drives the growth of the local economy.

The minister stated that Benue, known as the Food Basket of the Nation, has vast agricultural resources that contributed significantly to Nigeria’s food security.

She said the state has embraced the entrepreneurial spirit by creating policies and directly supporting the facilitation of industrial growth and support for innovative-driven businesses.

“This exhibition is a testament to the creativity, talent and ingenuity that defines the good people of Benue.

“It reflects the spirit of resilience and innovation that defines the individual entrepreneurial energy of this great state,” she said.

Commissioner for Science, Technology, and Innovation, Mr Nick Eworo, said in his welcome address that the state was well positioned to become the hub of innovation and technological advancements in North Central Nigeria.

Eworo said the theme of the exhibition, “Innovating for a Sustainable Future”, reflects the state’s commitment to leveraging science, technology, and entrepreneurship to drive lasting change.

“Benue is brimming with untapped talent, and what you see today is just a glimpse of the vast potential that exists across our state,” he said (NAN)

Previous Post

Barau condoles with victims of Edo attack, donates N16m

Next Post

China threatens retaliation in response to new US tariffs

Nathaniel Irobi

Nathaniel Irobi

Related Posts

FG Initiates Legal Action Against Sowore, Facebook, and X for Alleged Cyberbullying of President Tinubu

BREAKING: Court Grants Sowore Bail On Stringent Conditions

by Elanza
June 30, 2026
0

Justice Mohammed Umar has granted bail to Omoyele Sowore, leader of #RevutionNow in the sum of N200m. He is also...

First Lady’s ‘akara’ comment reflects gradual business growth, resilience, group says

First Lady’s ‘akara’ comment reflects gradual business growth, resilience, group says

by Elanza
June 30, 2026
0

A pro-government group, Renewed Hope Neighbour 2 Neighbour, has defended the First Lady, Senator Oluremi Tinubu, over public criticism of...

ISWAP Arrests: Nigeria Orders Security Sweep for 2027 Hajj Pilgrims

ISWAP Arrests: Nigeria Orders Security Sweep for 2027 Hajj Pilgrims

by Nathaniel Irobi
June 29, 2026
0

The Independent Hajj Reporters (IHR) have demanded compulsory pre-registration security screening for all Nigerian pilgrims bound for the 2027 Hajj,...

Next Post
China threatens retaliation in response to new US tariffs

China threatens retaliation in response to new US tariffs

Myanmar earthquake: Rescue efforts ongoing amidst increasing fatalities

Myanmar earthquake: Rescue efforts ongoing amidst increasing fatalities

Recommended

NCC, CAC Impose Strict Prior Approval on Telecom Shareholding

NCC, CAC Impose Strict Prior Approval on Telecom Shareholding

6 days ago
2027: Nigerians Will ‘Show Politicians Pepper’ – Makinde

Oyo Extends Curfew in 10 LGAs Amid Park-Side Insecurity

4 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Nigerian Govt laments gaps in polio eradication despite $500m spent

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0
  • Nasarawa Governor’s Aide Empowers 250 Women In Karu

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (836)
  • Education (278)
  • Entertainment (435)
  • Health (258)
  • National (3,366)
  • News (10,709)
  • Opinion (456)
  • Politics (2,244)
  • Science (15)
  • Security (421)
  • Sports (746)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform