200 Edo MSMEs To Boost Productivity, Create Wealth

Not less than 200 Micro, Small and Medium Enterprises (MSMEs) have said that the Edo Production Centre promoted by Governor Godwin Obaseki to support small scale businesses and provide opportunities for them to scale their operations, will boost productivity and wealth creation in the state.
The small-scale business operators belonging to the Manufacturers Association of Nigeria (MAN) and National Association of Small-Scale Industrialists (NASSI), indicated interests to site their businesses at the centre with the intention of taking advantage of the business support opportunities and conducive shared working space it provides.
Speaking to journalists, a member of MAN, Comrade Valentine Asuen, said the incentives which the Edo Production Centre offers will enable businesses run at minimal cost, as the centre provides a one-stop-shop for them to enjoy economies of scale as well as low cost of production. 
He said what discouraged small business operators in most cases was the cost of rent and power, which stifled their growth, noting, “We are confident that when the centre starts taking in people in the next few weeks, things will turn for the better for entrepreneurs in the state.”