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FG to boost SMEs through creation of industrial parks

41 views · Published 6 September 2014 · 0:57 · Indexed 30 October 2026

Channel: TV360 Nigeria · 2014 · News & Politics

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And business now. As part of efforts towards boosting Small and Medium enterprises in the country, the Federal Government has said it will set up industrial parks for SMEs, for the  ease of running small businesses. 
Minister of Trade and Investment, Olusegun Aganga, while briefing journalists after the inauguration of the National Council on Micro, Small and Medium Enterprises, MSMEs, said the measure was part of the structure put in place to organise the SMEs.
Arganga said the Industrial parks for SMEs would make it easier for them to run their businesses.
The minister said over 17 to 20 million SMEs exists in the country yet only 8 per cent of them have access to finance from organised sectors.
He added that the Council, as part of its mandate, would also address the issues of market access, which entails moving and selling goods produced across the country.

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