Vice President Yemi Osinbajo has seen the prospect of Nigeria manufacturing own vehicles, clean energy trucks and cars, weapons, armoured mobile platforms and aircraft.
Professor Osinbajo, who spoke late last night, June 27, at the 5th National Micro Small and Medium Enterprises (MSME) Awards Dinner held at the Presidential villa, Abuja insisted: “we have all it takes.”
According to the Vice President the energy and creativity of young Nigerians, is already guaranteeing the prosperity of the country “and provide jobs and opportunities for the millions of youths coming into the job market yearly.
He said that the these MSMEs tell the story of the country’s great economic future, saying: “we are set to manufacture our own vehicles, clean energy trucks and cars, and we are on course to manufacturing our own weapons, armoured mobile platforms and aircraft. We have all it takes.”
“I believe that MSMEs in technology and manufacturing especially in the clean energy or green economy deserve special mention. I am convinced that this sector will be crucial in global industrial development in the coming years and will leapfrog Nigeria to economic prosperity.”
The Vice President commended some of the winners in particular, adding: “the first is Thinkbikes Limited, the winner of the BOI Award for Excellence in Manufacturing founded by Tolulope Olukokun, which produces solar and battery-run bikes that can go up to 50 kilometres on a single charge.
“The second is Phoenix Renewables Ltd, the winner of the NITDA Award for Excellence in Innovation, founded by Mustapha Abubakar Gajibo. The company designs and builds electric and solar-powered cars, tricycles and also vehicle and engine parts.
“The vehicles are now deployed for public transportation in the Maiduguri metropolis. By April they had conveyed over 21,000 passengers. I had the singular pleasure of driving one of the electric cars when I visited the Phoenix Renewables stand at the Borno MSME Clinic.
“The third is the Clintonel Advanced Engineering Centre, Access Bank MSME of the Year Award winner, founded by Tochukwu Clinton Chukwueke. The company builds high precision parts, moulds, medical equipment, and auto engine parts.”
The Vice President reiterated the commitment of the Federal Government to supporting small businesses by providing the enabling environment for them to thrive.
He said that the improvement in the value of prizes given to award winners from an initial one star prize car in 2018 for the MSME of the Year winner to 10 cars in all categories in 2022, “is to underscore the significant improvement that has been built between the private sector and the Federal Government over the years.”
Professor Osinbajo then announced arrangements for the establishment of MSME Shared Facility projects comprising the Kaduna State Tomato Paste Production Hub and the Ogun State refurbished Adire market.
“Other facilities are now being established in Gombe, Bauchi, Kebbi, Ebonyi, Delta, Nasarawa, Ekiti, Abia and Kano States.”
The high point of the event was the presentation of prizes to winners in the various categories including deserving States such as Edo for best State in Shared Facility; Imo for best State in Fashion; Borno for emerging State in Innovation and Ogun for best State in MSME Policy.