The German Economic and Development Agency (GIZ) has launched an initiative targeting 480,000 Micro, Small, and Medium Enterprises (MSMEs) across Nigeria, aiming to enhance their operations and economic contributions. This assessment, part of GIZ’s Sustainable and Inclusive Economic Development for Decent Employment (SEDIN) program, covers five states—Ogun, Edo, Plateau, Niger, and Lagos—and the Federal Capital Territory.
During a recent forum in Abeokuta, Ogun State, GIZ’s Akinropo Omoware revealed that 60 business clusters have been identified for strategic support to foster sustainable infrastructure, green energy, and responsible production. Omoware emphasized the need to transition from traditional value chain development to empowering industrial and digital clusters with improved resources and market access.
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He highlighted GIZ’s focus on tackling infrastructure challenges, integrating green energy solutions, and promoting policies that enhance financial accessibility. The Ogun State government also shared its initiatives, including grants and funding schemes designed to support MSMEs.
Omoware concluded by stressing the critical need for advancements in energy, waste management, and broadband connectivity to help Nigerian MSMEs compete globally. The consensus among stakeholders was that collaboration and a green approach are essential for driving Nigeria’s sustainable economic growth and job creation.
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