UNIDO Says Products Key To Sustenance Of MSMEs

The Regional Director of the UN Industrial Organisation (UNIDO), Jean Bakole has said that the production of quality products remains key to the sustenance of  Micro, Small and Medium Enterprises (MSMEs).

Bakole said this on Thursday at the 2nd project awareness dissemination event of strengthening the capacities of local MSMEs/manufacturers to produce high-quality Personal Protective Equipment (PPEs) and healthcare-related products, held in Lagos.

According to him, the aim of the project is to ensure that MSMEs produce high-quality products and also remain in business, and also to ensure that the future of young people is secured, noting that MSMEs were crucial in economic growth.

”MSMEs constitute a big pillar in which any economy can stand, and production of quality products is important.

“We would like to see the ownership of the MSMEs grow beyond local consumption and also link them to international markets.

“About 162 MSMEs were selected for this project out of about 5,000 that applied and we are working to see the number of products to help protect the products.

“We need to think outside the box in order to help the MSMEs.”

Bakole also commended the European Union (EU) for funding the project, saying that the support of the union is fundamental to the MSME project.