Vice President Kashim Shettima Affirms Tinubu Administration Commitment to Job Security in MSMEs in Micro, Small, and Medium Enterprises (MSMEs), particularly among the youth demographic. Mr. Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice-President, highlighted Shettima’s emphasis during the inauguration of the National Council on MSMEs.

The newly formed National Council on MSMEs, chaired by the vice-president, serves as a high-level body mandated to provide strategic guidance and oversight for Nigeria’s MSME sector development. Comprising key stakeholders from government, industry, and the private sector, the council aims to harness technology and expertise to bolster sectoral growth.

Shettima underscored the pivotal role of MSMEs and the youth in job creation and economic vitality. He asserted President Tinubu’s unwavering commitment to addressing job security concerns, particularly within the MSME landscape.

The council holds a pivotal role in revitalizing Nigeria’s prospects, aligning with President Tinubu’s resolute commitment to fortifying job security, especially within the MSME sphere,” stated Shettima, underscoring the council’s strategic importance.

Recognizing the transformative potential of technology, the vice-president urged council members to harness its power to streamline processes and elevate service delivery within the MSME sector.

The council’s broad mandate encompasses policy formulation to drive MSMEs development, fostering public-private partnerships, and fostering inter-agency cooperation to bolster the sector’s growth trajectory.

The council comprises key figures, including the Minister of Industry, Trade and Investment (Vice Chairman), two Governors from each of the six geo-political zones, and representatives from relevant ministries and agencies, including Agriculture, Innovation, Science and Technology, Communication and Digital Economy, and the Director-General of SMEDAN serving as the Secretary.

The inauguration ceremony witnessed the presence of ministers, director-generals of pertinent agencies, and representatives from MSMEs and industry associations, signifying a concerted effort toward fortifying Nigeria’s MSME sector under the aegis of the newly formed National Council on MSMEs.