Ogun To Enhance Growth Of MSMEs

As part of its effort to develop sustainable Micro, Small and Medium Enterprises, to aid business growth and enhance competitiveness, Ogun State Governor, Prince Dapo Abiodun has revealed that efforts are in top gear to establish a private-sector focused agency to be known as Ogun State Enterprise Development Agency

Abiodun revealed this in Abeokuta during a two-day public-private discussion on the establishment of the agency,

Dapo Okubadejo, the Chief Economic Adviser and Commissioner for Finance, who represented the Governor stated that the government had entered into a partnership with the German Agency for Development to set it up before the end of the year,  adding that work is ongoing to enact a law that would establish OGSEDA.

“OGSEDA, when established will help in repositioning the MSMEs sub-sector to contribute towards an all-round socio-economic development of the State, by improving the standard of living of the citizens through job and wealth creation, increase the Gross Domestic Product (GDP) and boost the State’s revenue.”

Also commenting, Kikelomo Longe, the state Commissioner for Industry, Trade and Investment, added that OGSEDA would enhance the growth of MSMEs position MSMEs to access funds, provide market linkages and also encourage more people to start their businesses.