Security is Key to Survival, Growth of MSME, Says NSA, Fayemi

The National Security Adviser (NSA), Major Gen. Babagana Monguno, and the Governor of Ekiti State, Dr. Kayode Fayemi, have said security of lives and property in Nigeria is central to the survival and growth of Micro, Small and Medium Enterprises(MSMEs), urging the government to partner in order to end the current security challenges in the country.

They called for partnership and huge investments in the security sector as an attempt by the governments to provide jobs, attract national and foreign investments-to materialise and yield dividends for the country.

Speaking at the commencement of the National Council on Industry, Trade and

Investment in Ado Ekiti yesterday, Monguno said the recurrent cases of terrorism, kidnappings, herder-farmers clashes, and vandalism are issues the governments must deal with to fast-track the growth of MSME and the industrial sector in the country.

He said: “Security is critical to the growth of the economy and development of industry, and that is why the government of President Muhammadu Buhari is working hard to ensure that all these menaces constituting insecurity are tackled.

“Terrorism, vandalism, kidnapping, farmers-herders’ clashes and other security threats, are slowing down investments and these are issues we must be collectively fought and resolved.

“The growth of MSME is central to the provision of jobs for the youths. Let me also reveal here that 83.9 percent of the country’s workforce is in MSME, this makes it a catalyst to job creation and antidote to insecurity.”

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