Oyo Government Pledges To Unlock MSMEs’ Potential

The Oyo State Government has said it is poised to provide the necessary support for Micro, Small, and Medium Enterprises (MSMEs) to unlock their full potential and ensure their long-term success.

The Commissioner for Trade, Industry, Investment and Cooperatives, Adeniyi Adebisi, said this in Ibadan, when he played host to the organisers of the forthcoming Trade Fair to be hosted by the Oyo State Chamber of Commerce, Industry, Mines and Agriculture (OYCCIMA), in the Oyo State capital.

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

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

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

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

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The commissioner noted that the 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.

He, however, emphasised the need for MSMEs to embrace technology, innovation and adapt to evolving consumer demands, noting that MSMEs in the state would be better positioned not just as participants in the global marketplace, but also as leaders and innovators, setting the pace for others to follow.

The Oyo State Chamber of Commerce, Industry, Mines and Agriculture 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, 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.