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UN Agencies Drum Support for Adequate Investment in MSMEs
UN Agencies Drum Support for Adequate Investment in MSMEs
By: Michael Mike
The United Nations (UN) agencies in Nigeria have hammered on the need for adequate investment in the development of Micro, Small and Medium sized Enterprises (MSMEs) to advance economic growth in the country.
The agencies disclosed this during the commemoration ceremony of the 2025 MSMEs Day on Monday in Abuja.
The event was jointly organised by the United Nations Industrial Development Organisation (UNIDO), International Labour Organisation (ILO), United Nations Development Programme (UNDP), United Nations Information Centre (UNIC) and World Intellectual Property Organisation (WIPO).
Director, UNIDO Sub-regional Office, Abuja, Mr. Philbert Johnson, who was represented by National Programme Officer at UNIDO, Mr. Reuben Bamidele,, said that MSMEs role in nation building cannot be underestimated, therefore the need for adequate investment to ensure their sustainable growth is of uppermost importance.
Johnson said: “We are gathered together today to discuss proper ways to promote innovation and growth within the MSMEs sector.
“In Nigeria, as we know not less than 40million MSMEs are making huge contribution to the economic growth of the country, by providing employment and serving as means of livelihood for people.
“MSMEs, thereby, contribute to the growth of Gross Domestic Products across sectors of the country’s economy. We gathered to dissect the challenges MSMEs face and also, to work closely together towards achieving sustainable growth.”
The ILO Country Representative, Dr Vanessa Phala, stressed the need for strategic measures to be taken to bolster MSMEs impact on the nation’s economy.
Phala, who was represented by ILO’s National Project Coordinator for the Social Dimension of Ecological Transition, Stephen Agugua, said: “We look at how MSMEs can drive the future of the economy through job creation and employment. When you think of job creation and employment that is where ILO comes in.
“MSMEs are key to the growth of every economic sphere: Through this dialogue platform ILO will know the challenges MSMEs are facing and look at pathways for ensuring sustainable solutions collectively.”
The UNDP Deputy-Director, Ms Varsha Redkar-Palepu, represented the National Programme Specialist and Trade Focal Point at UNDP by Claire Henshaw,, described MSMEs as pivotal to nation building.
She noted that MSMEs form the foundation of inclusive and sustainable development in Nigeria, “MSMEs are vital engines for job creation, innovation and social mobilisation, particularly for women and youths. While operating on margins of formal economic systems, we need to put MSMEs at the centre of our development.
“In Nigeria and across Africa, MSMEs holds the key to transforming economic opportunities to meaningful development and the ambition into tangible outcomes,” Phala said.
On his part, Managing-Director of Prohealth, a private organisation, Dr Chinedu Nnabuihe who spoke on behalf of the Nigeria Employers’ Consultative Association (NECA), commended the UN agencies for putting the event together.
According to him, the event is dedicated to the invaluable role MSMEs play in advancing innovation, creating jobs, increasing inclusive and sustainable economic growth across the country.
“In Nigeria, MSMEs are the engine of our economy, driving local production, supporting livelihood and contributing significantly to national GDPs. This is amidst challenges posed by economic situation, limited access to finance and infrastructure.
“Nigeria MSMEs have continued to demonstrate resilience, creativity and determination. At NECA we remain steadfast in our commitment to fostering an enabling environment in supporting MSMEs development,” Nnabuihe said.
The event attracted stakeholders from Small and Medium Enterprises Development (SMEDAN), Nigerian Association of Small Scale Industrialists (NASSI), Nigeria Association of of Small and Medium Enterprises (NASME) and Corporate Affairs Commission (CAC).
Others include, National Insurance Commission (NICOM), Nigeria Social Insurance Trust Fund (NSITF) and Abuja Chambers of Commerce and Industry (ACCI).
Highpoint of the event was visit by the stakeholders to the exhibition stand of MSMEs, overview of UNDP engagement with MSMEs, government agencies’ engagement with MSMEs and WIP-intellectual property for MSMEs.
End
Bandits ambush C-Watch operatives in Katsina, kill 8, burn patrol vehicles
By: Zagazola Makama
Suspected bandits have ambushed operatives of the C-Watch security outfit in Dandume Local Government Area of Katsina State, killing eight persons and setting two patrol vehicles ablaze.
The incident happened late Friday night when gunmen invaded a village near Dandume around midnight.
Residents said C-Watch operatives responded to a distress call and rescued eight villagers who had earlier sustained gunshot injuries during the attack.
However, on their way back, the operatives reportedly ran into an ambush by the bandits, who opened fire on them, killing the rescued victims and burning two patrol vehicles belonging to the security outfit.
Bandits ambush C-Watch operatives in Katsina, kill 8, burn patrol vehicles
Troops barbecued scores of bandits in Kankara, Katsina
By: Zagazola Makama
Troops of the Nigerian Army have eliminated scores bandits in ongoing clearance operations in Kankara Local Government Area of Katsina State.
Zagazola learnt that the operations, which began on Friday, targeted multiple bandit hideouts in the area.
The sources said the troops, supported by other security components, engaged the criminals in sustained firepower, leading to the neutralisation of an undisclosed number of them.
“The operations are still ongoing, with troops pursuing fleeing bandits into the forest corridors,” one of the sources said.
Military authorities are yet to issue an official statement as at press time.
Troops barbecued scores of bandits in Kankara, Katsina
Zulum Visits Families of 63 Borno Residents Killed by Boko Haram
By: Michael Mike
Borno State Governor, Babagana Zulum has visited Darajamal, a community in Bama, to condole with families of the 63 people killed by Boko Haram insurgents on Friday night.
The victims comprise 5 soldiers and about 58 civilians that were earlier displaced by the insurgents but have been resettled in Darajamal for two months now.
Zulum, visibly moved by the incident, met with community leaders and consoled the bereaved families. He expressed grief and condemned the brutal attack in the strongest terms.
Speaking to newsmen, the governor said, “We are here to commiserate with the people of Darajamal over what happened last night that has claimed the lives of many people. It is very sad. This community was settled a few months ago and they go about their normal activities, but unfortunately, they experienced Boko Haram attack last night. Our visit is to commiserate with them and build their resilience.”
On the casualties, the Governor said, “at this moment we have confirmed that 63 people lost their lives, both civilians and military, although the civilian casualties are more. Close to about 60 civilians and 5 soldiers lost their lives.”
Governor Zulum, while noting the challenges faced in the fight against insecurity, also called for the immediate deployment of the newly trained Forest Guards to complement the military in safeguarding vulnerable communities.
He said, “We have to take note that the numerical strength of the military is not enough to cover everywhere, so far so good, two sets of Forest Guards have been trained, therefore one of the solutions that we need to implement immediately is to deploy the trained Forest Guards to most of the locations that are vulnerable, they will protect the forest and communities.”
Also, the Senator representing Borno Central, Kaka Shehu Lawan, whose constituency Darajamal falls under, has condemned the attack, describing it as a crime against humanity.
He expressed his commitment to supporting Governor Babagana Umara Zulum through legislative backing to restore peace in Borno State.
Zulum Visits Families of 63 Borno Residents Killed by Boko Haram
Bandits ambush C-Watch operatives in Katsina, kill 8, burn patrol vehicles
Troops barbecued scores of bandits in Kankara, Katsina
Zulum Visits Families of 63 Borno Residents Killed by Boko Haram
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