Vice President Yemi Osinabjo on Wednesday launched a refocused National Council on Micro Small and Medium Enterprises (MSMEs) at the State House in Abuja.
The Vice President, who is also the chairman of the council, reduced its initial membership of 43 to 21 in order to ensure effectiveness in delivery.
Speaking at the inauguration ceremony, Osinbajo said the council is expected to effectively coordinate the enterprise development efforts made by the various tiers of governments, International Development Partners (IDP) and the private sector towards job creation, wealth creation and poverty alleviation.
He said it was important that the council was inaugurated even in the absence
of some its members because the government wants the council to move with speed due to the “much work to be done.”
He said the MSMEs were the bedrock of the country’s industrialisation and inclusive economic development and the most important component of the industrialization drive in the country’s Economic Recovery and Growth Plan (ERGP).
“It is important to re-emphasize the point that this Council will have the same success delivery platform as the Presidential Enabling Business Environment Committee (PEBEC).
“The membership of the Council has been streamlined for the purpose of achieving results without undue bureaucracy. For instance, the existing membership has been reduced from 43 to 21 for effectiveness and purposefulness” he said.
