Ondo to support small scale enterprises

Mimiko

Mimiko
Mimiko
The Ondo State government has reiterated its commitment to boosting industrialisation through support to small and medium scale enterprises as a way of enhancing employment generation for teeming youths in the state.

The state Commissioner for Commerce and Industry, Chief Ayo Abiola while hosting members of the Technology Incubation Centre and Ondo State Chamber of Commerce, Industry, Mines and Agriculture (OSCCIMA), Ondo city chapter in his office yesterday said industrialisation opens the door for solving unemployment, encourage entrepreneurs and have ideas developed into production, which will in turn, lead to economic multiplying effects.

He stressed that the state government is determined to bring back the state’s old glory. 

He said his ministry will re-examine existing policies and create new ones that will encourage small, medium enterprises to develop and as such midwife the state industrialisation process. 

Abiola said the ministry may not engage in production but will facilitate production processes adding that  the development will gear up employment creation as human services will be needed in making the products, operation of machines; and incentives will be improved upon to attract investors to the state. 
 
He commended the creative initiative of the SMEs that is strategically needed to prefer solution to existing industrial challenges, noting that the economy has limited the government wishes in carrying out several programmes.

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