‘SMSEs are catalyst for growth’

Small and Medium Scale Enterprises in the country are the catalysts for the desired industrial growth in the country, Chairman, House of Representatives Committee on Industry,Abubakar Hussaini, has said.
Hussaini, who spoke during an interactive session with Ministries, Departments and Agencies (MDAs)  in Abuja, said  no country can attain industrial growth and economic development without government encouraging small and medium enterprises.

The committee is charged with the responsibility for oversight the activities of the Ministry of Industry, Trade and Investment. The session was meant to give members the opportunity to familiarise with the operations of the MDAs.
His words: “Small and Medium Scale Enterprises all over the world are precursors to industrial growth, economic development, poverty alleviation and creation of employment for both young and old. Is our SMEDAN promoting policies that will accelerate the growth of this sector? he queried.
“Are the potential beneficiaries aware of the role of SMEDAN?  Is SMEDAN maintaining necessary collaboration and synergy with other agencies of government in order to promote its general vision/mission,” he further questioned.
He therefore charged stakeholders to help develop policies that will help revive the country’s textile, automotive and sugar industries.
He said MDAs should also discharge their statutory responsibility of promoting and facilitating industrial development through policy formulations that would help revive moribund industries.
“Unemployment created by the decayed and non-performing industries is very alarming. Your task as MDA that has the statutory responsibility of promoting and facilitating industrial development revolves around evolving a well-articulated policy formulation for the sector and ensure its realization.
“Our responsibilities as representatives of the people is to support you in the areas of transmitting your policy statement into a legally binding document, ensuring that the implementation of these policies are monitored.
“Government’s operations are done transparently and Nigerians having value for money spent in the sector by accessing and reaping the benefits of the policies”

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