Connect with us
Advertise With Us


 MSMEs: Stakeholders Urge FG To Adopt Grassroots Economic Policies



Leadership Nigeria News Today

Stakeholders at the just concluded 6th edition of ‘Business Clinic’
(Business 360) organised by the Abuja Entreprise Agency (AEA), have
called on the federal government to adopt economic policies and
programmes that the grassroots can easily understand and appreciate.

In a keynote address, at the conference, a senior economist, Paul
Alaje, noted that most business initiatives of the government are
centred at the federal level and do not have impact on those living in
the states and local government areas.

Alaje advised government to replicate its economic policies in the
states and local government levels to improve business opportunities
for Micro, Small and Medium Enterprise (MSMEs) in the country.

His paper, titled ‘Ease of Doing Business In Nigeria’ the senior
economist stated that MSMEs to improve in Nigeria, government agencies
must improve the time spent on business registration, noting that
there are too many bureaucracies in the process of business
registration in Nigeria.

Alaje also suggested that the country should diversify its sources of
power supply to improve business development, adding that focusing on
grid system or one source of power supply is not the right way to go.

In an interview, the national vice president, National Association of
Small and Medium Scale Entreprises (north central zone), Engr. Auwal
Ibrahim, noted that one of the challenges facing the MSMEs in the
country is inability of members to link with the laudable programmes
of government to improve their businesses.

Ibrahim mentioned some of the challenges, facing the MSMEs in the
country to include access to finance, access to market, poor
electricity, skills acquisition technology and linkages, as well as
business development services, among others.

Earlier in a speech, the managing director/chief executive officer of
AEA, Mallam Muhammad Tukur Arabi, had explained that the event was
designed to serve as a platform to review the growth and development
of MSMEs in the FCT.

Arabi revealed that the regulatory and business support agencies would
provide an insight into how MSMEs can comply with existing regulations
and utilize current government policies to enhance the opportunities
for growth.

He stated that the ‘Business 360’ provides an opportunity for the
stakeholders to engage one another and to address the challenges that
hinder the smooth operations of MSMEs in the FCT.