80% of Nigeria’s workforce will be jobless without MSME – FG

Vice-President Kashim Shettima, on Tuesday, asserted that 80 percent of Nigeria’s workforce would have been without job except for the existence of Micro, Small Medium Enterprises (MSME).

Shettima made the assertion in Makurdi, Benue State capital, during the commissioning of Benue State Fashion Hub and Benue Printing and Publishing Corporation.

He said, “MSME is the backbone of of Nigeria economy, it accounts for 96 percent of all Nigeria businesses and contributes over 45 percent to our economy, without them over 80 percent of of Nigeria workforce would have been without job.

“Today, MSME is the lifeline of the nation providing strong pillar for stability. It is evident that it will be impossible to grow Nigeria economy if the MSME does not remain a top priority,” Daily Trust reports.

The vice president, who was represented by Senator Ibrahim Hassan Hadejia, Deputy Chief of Staff to President Bola Ahmed Tinubu, eulogised the Benue fashion hub, saying it is the biggest edifice among the five so far commissioned by the present administration in the country.

He said the hub would become a centre of excellence in northern Nigeria and revamp the Benue’s rich cultural fashion as well as the state’s economy as it continues to create jobs for many of its population.