Fast Tracking Industrialisation Through MSMEs
Ugo Aliogo in this report chronicles the efforts of After School Graduate Programme (AGDC) in partnership with the Edo State government to drive industrialisation through Micro Small Medium Enterprises (MSMEs)
The ever-pressing need to break the ground in fast-tracking industrialisation and economic diversification has led many state governments to tinker with diverse industrial models, with a number of them recording negligible successes.
This trial and error approach has led to the creation of industrial clusters or zones that dot the country, all of which, analysts say, are boggled with numerous challenges ranging from ill-thought out policy measures, decaying infrastructure, little or no incentives for investment or in-fighting among initiators.
Policy somersaults and other man-made errors have made it difficult for these clusters to provide conducive environment for innovation and production to foster the growth of Small and Medium Enterprises (SMEs). This is cast against the backdrop of what obtains in other climes, where deliberate government policy has sparked industries in India, the United States and Europe.