The Ministry of SME Development, in commemoration of the United Nations World SME Day with the theme: “2021 key to an inclusion and sustainably recovery” and collaboration with her sister Agencies – SMEDAN, BOI, has encouraged Micro Small Scale and Medium Enterprises nationwide, particularly Abia State not to lose hope as the State Government is providing opportunities and measures to help them succeed in their businesses.
The Permanent Secretary Ministry of SME Development, Mr. Agomoh Nkwachukwu who made this remark, reiterated that the State Government recognizes the role MSMEs play in creating jobs, building communities and closing the poverty gaps as the backbone of the state economy.
Mr. Nkwachukwu further stated that in most advanced countries, MSMEs make up over ninety percent of all firms and an average of sixty-five percent employment while fifty percent of their GDP is generated through the active and effective efforts of their entrepreneurship prowess.
He said the State Governor, Dr. Okezie Ikpeazu has committed his energy and resources in ensuring that these drivers of the state economy are supported through various programmes like One Stop-Shop for ease of doing business,
the NG-CARES Programme for recovery of businesses adversely and grossly affected by Covid-19 Pandemic and the SME business directory which essentially will create credibility, accessibility and visibility of MSMEs in the State SME ecosystem.
Mr. Nkwachukwu advised and encouraged to key into the numerous programmes of this administration especially as sit affects the growth and recovery of their different businesses to ensure resilience and sustainable economic development.