FG to launch One-Stop-Shops in 36 states, FCT

Abuja, Sept. 5, 2017 (TNE) : In fulfillment of its mandate to significantly spur Micro, Small and Medium Scale Enterprises (MSMEs) the Federal Government is to launch one-stop shops in each of the states and the Federal Capital Territory before the end of the year.

The measure is to facilitate smoother government regulation and interface between entrepreneurs and agencies of government.

The One-Stop Shop programme is part of the on-going nationwide Micro, Small and Medium Enterprise Clinics for Viable Enterprises (MSME Clinics) initiated by the Presidency in January 2017.

The Vice President’s Spokesman, Laolu Akande, said in a statement that already, one such shop for MSMEs in Plateau State was launched in Jos on Aug. 24, and is being housed by the Plateau State Micro-Finance Development Agency (PLASMEDA).

The states that are next in line are Abia, Cross River, Ogun, Akwa Ibom, Kwara, Kano, Benue and the FCT.

He said that the shops are slated to take off between September and October.

The one-stop-shop is aimed at bridging the information gap between micro and small investors and regulatory agencies of government.

Such agencies include the National Agency for Food and Drug Administration and Control (NAFDAC), Corporate Affairs Commission (CAC), Standards Organisation of Nigeria (SON), Federal Inland Revenue Service (FIRS), and others.

Akande said that the MSMEs clinics which held in several states already had provided the opportunities for entrepreneurs and local producers in the MSME level to interact with regulatory agencies.

He added that the One-Stop Shop would create an ongoing opportunity in a permanent location to achieve the same purpose.

The MSMEs Clinics, one of the diversification initiatives of the Buhari administration, was designed to give small businesses the opportunity to interact with the industry regulators in an effort to spur local production and harness the nation’s export potential.

The agencies to be housed in the One-Stop Shops are the Bank of Industry (BOI), Bank of Agriculture (BOA), CAC, FIRS, SON, NAFDAC, and the Industrial Training Fund (ITF).

Others are the Nigerian Export-Import Bank (NEXIM), Nigerian Export Promotion Council (NEPC), and Small & Medium Enterprises Development Agency of Nigeria (SMEDAN). (TNE)

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