• Latest
  • Trending
  • All
  • LATEST NEWS
  • SPONSORED POSTS
  • BANKING
  • Cryptocurrency
  • Job Past Questions
  • PRICE WATCH
  • VIEW POINT
  • ECONOMY
  • Careers
  • Press Release
  • Breaking News
  • education news
  • Personal Finance
  • Networth
Osinbajo inaugurates advisory group for Industrial council

Massive entry for 4th National MSMEs Awards excites Osinbajo

June 28, 2021
A Comprehensive Guide to the European Union Blue Card

Unlocking Opportunities: A Comprehensive Guide to the European Union Blue Card

August 31, 2024
Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%

Currency in Circulation hits all-time-high Fueling Inflationary Pressures

August 29, 2024
Ecobank Nigeria Launches Oja Oge Pop up Marketplace to Empower SMEs

Ecobank Nigeria Launches Oja Oge Pop-up Marketplace to Empower SMEs

August 28, 2024
inflation Push Over 31 Million Nigerians into Acute Food Shortage

Insecurity and Economic Woes Push Millions of Nigerians into Acute Food Crisis

August 28, 2024
NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

August 27, 2024
Food Prices in Nigeria Soar in July 2024

Food Prices in Nigeria Soar in July 2024: Beans, Eggs, and Yam Lead the Surge

August 27, 2024
Fed Rate Cuts Could Offer Respite for Nigeria’s Naira and Economy

Fed Rate Cuts Could Offer Respite for Nigeria’s Naira and Economy

August 27, 2024
Nigeria's Manufacturing Sector Struggles in Q2 2024

Nigeria’s Manufacturing Sector Struggles in Q2 2024: Growth Slows Amid Economic Challenges

August 27, 2024
Nigeria's Agricultural Sector Shows Modest Growth in Q2 2024

Nigeria’s Agricultural Sector Shows Modest Growth in Q2 2024: Crop Production Remains Key Driver

August 27, 2024
Nigeria's Economy Grows by 3.19% in Q2 2024

Nigeria’s Economy Grows by 3.19% in Q2 2024: Services and Industry Lead the Charge

August 27, 2024
States Share $71 Billion in Seven Years, But Poverty Persists

States Share $71 Billion in Seven Years, But Poverty Persists: What’s Going Wrong in Nigeria?

August 26, 2024
Interest Rate Hikes, Inflation Squeeze Profit Margins for Nigerian Paint Manufacturers

Interest Rate Hikes, Inflation Squeeze Profit Margins for Nigerian Paint Manufacturers

August 26, 2024
  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise
Tuesday, May 20, 2025
  • Login
Financial Watch
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
Financial Watch
No Result
View All Result
Home ECONOMY

Massive entry for 4th National MSMEs Awards excites Osinbajo

by Sam Gabriel
June 28, 2021
in ECONOMY
0
Osinbajo inaugurates advisory group for Industrial council
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Massive entry for 4th National MSMEs Awards excites Osinbajo – Vice President Yemi Osinbajo says the large number of entries received for the 2021 National Micro and Small and Medium Enterprises (MSMEs) Awards is  encouraging.

Osinbajo spoke on Sunday at the 4th National MSMEs Awards held at the State House Banquet Hall, Abuja.

The vice president said that since it was introduced, the National MSMEs Award had grown appreciably and had become a key feature of the national MSMEs space.

“I bring you warm greetings from President Muhammadu Buhari, who is, as you know, particularly proud of the impact and contributions of MSMEs in the economy.

“I am particularly delighted to have another opportunity to see some of our young and innovative entrepreneurs, here in this hall today.

“Since its inauguration in 2018, the National MSMEs Awards has grown in leaps and bounds.

“It has become a prominent feature in the annual event calendar of the MSMEs community in Nigeria, attracting thousands of prospective business owners, established entrepreneurs, regulators and financiers.

“In the first edition of the awards in 2018, some 500 applications were received; I am told that over 10,000 entries were received for this year’s edition alone.’’

He said that the large number of entries had demonstrated that the interest shown in the awards by Nigerian entrepreneurs was tremendous.

Osinbajo said that in the past years, winners in the different categories had gone home with various prizes that had impacted their businesses and profiles – cash prizes, cars, and of course local and international media attention.

“The awards have also inspired many young entrepreneurs to greatness and some of the stories are simply incredible.

“This year we also have a selection of outstanding winners.

“Our MSME of the Year “Bold Artistry” is a company with a team of young and creative artists working on improving the arts industry by introducing polystyrene to their works.

“ With this they have created impressive artworks and are providing jobs for many budding artists.

“Osky Integrated has created its niche in the business of catfish farming; the founders are adding value to fish farming through processing for the local and export market

“Other winners such as Vegas Gold and the Footwear Academy are promoting made in Nigeria products  in the  fashion and footwear industries respectively.’’

He said that the decision to make the annual celebration of excellence and innovation in the sector a week-long event was to draw more attention to the challenges and prospects in the MSMEs sector.

According to him, all the finalists typically get, as part of the prize package, two weeks of media attention to showcase and market their products.

“I am glad to note that this year will be even bigger when compared to  the limitations experienced during the 2020 edition due to the COVID-19 pandemic,’’ he said.

The vice president also gave highlights on some of Federal Government’s  support for the MSMEs sector.

He said that in the aftermath of  the pandemic, the Federal Government  designed the   Economic Sustainability Plan (ESP).

Osinbajo said that the plan was to save jobs and create new opportunities.

“ One of the interventions in the plan was the MSMEs Survival Fund which comprises of a Payroll Support scheme for qualifying businesses, a Guaranteed Offtake Scheme–a grant scheme for artisans and transporters, and free business name registration,’’ he said.

The vice president had earlier, presented Best MSMEs State One-Stop Shop to Gombe State and Best MSMEs Clinic Support to the FCT.

In her remarks, Hajia Mariam Katagum, Minister of State for Trade and Investment, said the event was innovative  as it coincided with the UN MSMEs Day, June 27.

In an overview, Amb. Adeyemi Dipeolu, Special Adviser to the President on Economic Matters, Office of the Vice-President, said that the event was intended to celebrate and acknowledge the contributions of small businesses to Nigerian economy.

The awards which came in 13 categories saw the awardees winning various sums of money, six brand new cars, among others.

Tola Johnson, Special Assistant to the President on Micro Small and Medium Enterprises (MSMEs), Office of the Vice President, had recently announced that portal for the fourth National MSMEs Award would be open from May 10.

Johnson, who is also the Coordinator, Project Delivery Office (PDO), said that a new portal www.msmeclinics.gov.ng was created for the fourth National MSMEs Award.

President Buhari, through the vice president, moved to empower and reward MSMEs across the country which gave birth to National MSME Clinics in 2017.

Some offshoots of the clinics include the MSMEs One-Stop Shop, the Shared Facility Initiative and the MSMEs Awards conceived in 2018.

(NAN)

Share197Tweet123
Previous Post

ICPC to arraign ex-JAMB Registrar July 6 over Alleged N900m fraud

Next Post

UTME Mass failure: JAMB sets questions from old syllabus for Literature students

Sam Gabriel

Sam Gabriel

Samson Gabriel a graduate of mass communication from Auchi Polytechnic, he is a passionate writer with experience in radio scrip writing. He brings his experience from the broadcast media into play here as he continues to enjoy his passion as a journalist. He can be contacted via whats-app on: +234701105670

Next Post
Jamb News: 10 trending Utme news today Monday, January 20, 2020

UTME Mass failure: JAMB sets questions from old syllabus for Literature students

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Stanbic IBTC launches Africa-China Agent Value Proposition

List of Stanbic IBTC bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
Banks Employ More Contract Staff as full staff continue to dwindle

Nigerian bank employee grades and levels

June 14, 2021
N-power Portal Login npvn.npower.gov.ng/login 2020/2021 – Update Your Account

N-power Portal Login npvn.npower.gov.ng/login 2020/2021 – Update Your Account

November 17, 2020
Zenith Bank2

List of Zenith bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
Union Bank2

List of Union bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
How buy 2019 JAMB 2019 UTME form/ registration PIN online

UTME result: How to Check JAMB Result 2022 – Jamb Result Checker

1333
JAMB Result checker 2020 out | www jamb org ng result checker

Utme 2021: Check JAMB Results Using JAMB Registration Number

1146
List of JAMB Approved CBT Centres In Abia State 2020/2021 | Abia State Jamb Cbt Centres

Jamb Portal 2021: How to check Jamb Results – jamb.org.ng/efacility

523
P Yes registration

www.p-yes.gov.ng – Register For P-YES Progeamme Portal – Apply Now

436
Breaking: JAMB releases more 15,490 UTME results

JAMB Results 2021 Online Checking Steps | www.jamb.org.ng Result

316
A Comprehensive Guide to the European Union Blue Card

Unlocking Opportunities: A Comprehensive Guide to the European Union Blue Card

August 31, 2024
Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%

Currency in Circulation hits all-time-high Fueling Inflationary Pressures

August 29, 2024
Ecobank Nigeria Launches Oja Oge Pop up Marketplace to Empower SMEs

Ecobank Nigeria Launches Oja Oge Pop-up Marketplace to Empower SMEs

August 28, 2024
inflation Push Over 31 Million Nigerians into Acute Food Shortage

Insecurity and Economic Woes Push Millions of Nigerians into Acute Food Crisis

August 28, 2024
NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

August 27, 2024
Financial Watch

Copyright © 2023 Financial Watch.

Navigate Site

  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH

Copyright © 2023 Financial Watch.