Oyo Pledges To Unlock MSMEs’ Potential

Oyo State government has restated its commitment to continue to provide the necessary support for micro, small, and medium enterprises (MSMEs) to unlock their full potential and ensure their long-term success.

Commissioner for trade, industry, investment and cooperatives, Adeniyi Adebisi said this in Ibadan when he played host to the organizers of the forthcoming Trade Fair in Ibadan.

The newly deployed commissioner played host to management of the Oyo State Chambers of Commerce, Industry, Mines and Agriculture (OYCCIMA), in his office.

Recognising the vital role that MSMEs play in the Nigerian economy, Adeniyi stressed the government’s responsibility to support these businesses, considering that they are the lifeblood of economic prosperity.
The commissioner acknowledged the importance of collaboration between the government and private sector in driving economic growth and development.

Also playing host to the Nigerian Association of Small Scale Industrialists, NASSI, he assured both associations of his ministry’s support and looked forward to working with them to achieve their shared goals.

He highlighted the importance of infrastructure development and security in creating a conducive environment for investments to thrive in the State.

The commissioner noted that the Oyo State government, under the leadership of Governor Seyi Makinde, has made significant investments in infrastructure development and security, including the recruitment of additional Amotekun security officers.

Adebisi, however, emphasised the need for MSMEs to embrace technology, innovation and adapt to evolving consumer demands.
He said, MSMEs in the state would be better positioned not just as participants in the global marketplace, but as leaders and innovators, setting the pace for others to follow.