Osinbajo said that improving the working and trading environment for small and medium sized businesses through shared facilities, MSMES clinics and other government interventions were critical parts of the Federal Government’s drive towards supporting MSMES in the country.
Osinbajo’s spokesman, Laolu Akande, in a statement on Monday in Abuja, said the Vice President, made the remark while performing the virtual inauguration and handing over of the 200,000-capacity Yam Storage Facility at the Zaki Biam International Yam Market in Benue State.
Osinbajo said that post harvest losses due to poor storage facilities for the nation’s agriculture produce would be a thing of the past if more storage and processing facilities like the new storage facility in Benue State were established around the country.
The 200,000-capacity Yam Storage Facility is part of the National MSMEs’ Shared Facility Scheme being implemented by the federal government under the National MSMEs Clinics put in place by the Buhari administration.
The Zaki Biam Yam market is said to account for about 70 per cent of yams cultivated in the country, with over 200 trucks loading 2 million tubers of yams weekly from the state renowned as the nation’s food basket.
“The market has had very little storage capacity and its infrastructural facilities are way behind its capacity and the size of commerce that goes on here daily.
“Besides, post harvest losses have been the bane of agricultural production in Nigeria: Nigeria produces 17 million tons of yam annually, but loses up to 40 per cent on account of inadequate storage and processing facilities
“Following discussions between the federal hovernment’s MSME Clinics project, the Benue State Government and market stakeholders, it was unanimously agreed that this 200,000 capacity Yam Storage Facility should be located right here in Zaki Biam, Benue State.”
The Vice President said that President Muhammadu Buhari was excited about the inauguration of the facility.
“A major concern for him has been that the COVID-19 crisis does not in any way disturb agriculture and the food supply chain.
“That we are able to commission this project in the midst of the pandemic is especially heart-warming for him.’’
According to him, in 2016, the president asked him to chair an initiative called the MSME Clinics.
“The idea was to provide a meeting point in every state between regulatory or approving authorities (such as NAFDAC, SON, CAC, BOI, FIRS and small and medium scale businesses in every sstate.
“This includes advice on how to access credit facilities through the Bank of Industry (BOI).
“One of the initiatives of the clinics was the idea of building Shared Facilities for the benefit of small businesses operating within clusters.
“This is because most individual businesses cannot on their own afford equipment necessary for their businesses.
He cited the reconstruction of 660 units of stalls/sheds, construction of a police/market administrative building.
Moreso, construction of eight units of public toilets, provision of solar-powered borehole with an overhead tank, construction of internal roads with drainage and installation of solar street lights.”
Osinbajo commended the Benue State Governor, Samuel Ortom, for his leadership and the solid support he had given to the project and congratulated him on the commissioning of the game changing project.
“I also commend and congratulate our MSME Clinic partners and everyone that has worked to make this possible,” he said.
The vice president added that that there were functioning shared facilities in Oyo and Bauchi States.
Virtually present at the commissioning from the National Assembly were Senator Gabriel Suswan and the Representative, Richard Gbande.
Also, in attendance were the Agriculture and Rural Development Minister, Sabo Nanono; Special Duties Minister, Senator George Akume, among others.