Nigeria Set To Manufacture Vehicles, Weapons, Planes, Etc.

Vice President Yemi Osinbajo said the drive, energy and creativity of young Nigerians are the guarantee that the country will prosper and provide jobs and opportunities for the millions of young people who enter the job market each year. .

Professor Osinbajo said so on Monday evening at the 5th National Micro-Small and Medium Enterprises (MSME) Awards Dinner held at the State House Old Banquet Hall.

Hailing the steadfastness and contributions of the young entrepreneurs who won prizes at the event, the Vice President, in a statement by his spokesperson, Laolu Akande, noted that “these MSMEs tell the story of the great future economy of our country.

According to him, “we are ready to manufacture our own clean energy vehicles, trucks and cars, and we are on the right track to manufacture our own weapons, armored mobile platforms and planes. We have it all.

Referring specifically to prospects in the manufacturing and technology sectors, the VP noted, “I think MSMEs in technology and manufacturing, especially in clean energy or green economy, deserve a special mention. I am convinced that this sector will be crucial for global industrial development in the years to come and will lead Nigeria to economic prosperity.

The Vice President then congratulated some of the winners in particular.

His words: “The first is Thinkbikes Limited, the winner of the BOI Award for Excellence in Manufacturing founded by Tolulope Olukokun, which produces solar and battery-powered bicycles that can travel up to 50 kilometers on a single charge.

“The second is Phoenix Renewables Ltd, winner of the NITDA Award for Excellence in Innovation, founded by Mustapha Abubakar Gajibo. The company designs and builds electric and solar cars, tricycles as well as vehicle and engine parts.

“Vehicles are now being deployed for public transport in the Maiduguri metropolis. By April, they had carried more than 21,000 passengers. I had the singular pleasure of driving one of the electric cars when I visited the Phoenix Renewables booth at the Borno MSME Clinic.

“The third is Clintonel Advanced Engineering Center, winner of the Access Bank MSME of the Year award, founded by Tochukwu Clinton Chukwueke. The company manufactures high precision parts, molds, medical equipment and automotive engine parts.

The Vice-President reiterated the federal government’s commitment to supporting small businesses by providing them with an environment conducive to their prosperity.

He said improving the value of the prizes awarded to winners, from a one-star award-winning first car in 2018 for MSME of the Year winner to 10 cars across all categories in 2022, “highlights the significant improvement that has been built between the private sector and the federal government over the years.

Prof. Osinbajo then announced arrangements for setting up shared facilities projects for MSMEs comprising the Kaduna State Tomato Paste Production Center and the refurbished Adire Market in Ogun State.

“Other facilities are being established in Gombe, Bauchi, Kebbi, Ebonyi, Delta, Nasarawa, Ekiti, Abia and Kano states,” he added.

The highlight of the event was the presentation of prizes to the winners in the various categories, including deserving states such as Edo for Best State in Shared Facility; Imo for Best Fashion Status; Borno for Emerging State in Innovation and Ogun for Best State in MSME Policy.

Among the dignitaries present at the event were the Governors of Ogun and Kano States, Mr. Dapo Abiodun and Dr. Abdullahi Ganduje; the Deputy Governors of Edo, Imo and Borno, Mr. Philip Shuaibu, Mr. Placid Njoku and Alhaji Umar Kadafur, respectively. There were also members of the Federal Executive Council including the Secretary to the Government of the Federation, Mr. Boss Mustapha, the Minister of State Industry, Trade and Investment, Ambassador Mariam Katagum; and his budget and national planning counterpart, Prince Clem Agba.

A number of heads of federal government agencies such as the Managing Director of the Bank of Industry, Mr. Kayode Pitan; the President of the FIRS, Mr. Muhammad Mani; the Director General of the Standard Organization of Nigeria, Mr. Farouk Salim; CAC Registrar General Alhaji Garba Abubakar; the Director General of SMEDAN, Mr. Olawale Fasanya; and representatives of NEXIM Bank, Access Bank, Bank of Agriculture, NITDA were also present among others.

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