Editorial

Recently,the federal government represented by Vice President Yemi Osibanjo inaugurated an industrial shoe-making hub that is being funded by a N2 billion MSME facility from the Central Bank of Nigeria, in Anambra State.
The industrial shoe-making hub is equipped with modern technology located at Nkwelle Ezunaka Village in Anambra State.
This cheering news brings to light,an opportunity for some of our teeming jobless youths to acquire the badly needed skill to develop themselves and make a decent living.
Described as a “one-stop-shop digital leather and industrial hub,” the Vice President said the shoes to be produced at the complex would rival those produced in Europe.
Equipped by the federal and state government, Mr Osinbajo said the hub would represent the nerve centre of the Micro Small and Medium Scale Enterprises in Nigeria.
There’s no doubt that the project, will also boost the drive to industrialise Nigeria’s shoe and leather industry, funded by a N2 billion MSME facility from the Central Bank of Nigeria.
It is also interesting to hear the vice president saying the federal government was committed to improving the South East’s commercial and economic environment and completing ongoing projects in the region.
Described as the perfect interchange between dream and opportunity, the Anambra state governor, Willie Obiano, said the “ultra-modern shoe-making hub with cutting edge technology” was Nigeria’s most modern MSMEs complex.
Federal government agencies housed within the complex include the Bank of Industry, Standard Organisation of Nigeria, Corporate Affairs Commission, Small and Medium Enterprises Development Agency of Nigeria and Nigerian Export Promotion Council.
Others are the Raw Materials Research and Development Council, Industrial Training Fund, National Micro Small and Medium Enterprise Clinics for Viable Enterprises and Anambra State Small Business Agency (ASSBA).
We commend the federal and the Anambra State Governments for not only seeking the growth of MSME but providing such facility that would drive skill acquisition, trade and commerce.
We do not expect this to be a white elephant project.It should go beyond the commissioning ceremony.

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