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FG’s Committed on Providing Nigerians Good Sources of Livelihood – Osinbajo

The Trumpet Nigeria by The Trumpet Nigeria
January 31, 2025
in News
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FG's Committed on Providing Nigerians Good Sources of Livelihood - Osinbajo
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By James Jibril

The Vice President of the federation, Prof. Yemi Osinbajo has stated that the President Muhammadu Buhari administration remains committed and focused on ensuring that every Nigerian has a legitimate and good source of livelihood.

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The Vice President stated this after commissioning a one-stop garment production center in Orlu at the 29th Edition of the National Micro, Small and Medium Enterprises (MSMEs) Clinic, Imo State on Tuesday, The Trumpet gathered.

“The FG remains focused on providing every Nigerian with good paying sources of livelihood. This means providing favourable business environment and safe and secure communities for all,” Osinbajo noted.

<ahref=”https://thetrumpet.ng/nigerians-divided-over-planned-fuel-subsidy-removal/”>Read Also: Nigerians Divided over Planned Fuel Subsidy Removal

He added that Micro, Small and Medium Enterprises (MSMEs) are a top priority of the Buhari administration, noting that MSMEs are the engine of economic growth because they account for almost half of national income and three quarters of available jobs.

“Today, we commissioned a one-stop garment production centre, one out of the ten (10) Shared Facility Scheme for MSMEs, for the end-to-end production of various types of clothing items in Orlu, Imo state.

Read Also: How to Make the Southwest the Economic Hub of Nigeria

“This serves as the latest testament to the fact that MSMEs remain a priority for the Buhari Administration, they are an engine of growth for the economy and because they account for almost half of national income and three quarters of jobs, this support will continue.

“This shared facility Hub will service 350 MSMEs daily and 110,000 each year and allows designers to have a place to create their pieces at home which in turn reduces transportation and logistics costs for MSMEs,” the Vice President said.

The Orlu Shared Fashion Production Facility comprises 200 world class fashion equipment – both manual and fully automated industrial machines.

When used to full capacity, the Orlu Hub can design up to 8000 apparels a day with a speed of 1500 per hour.

Tags: BusinessEconomyMSMEsProf. Yemi Osinbajo
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