Nigerian-British Chamber of Commerce Partners FG On MSMEs Efficiency

The Nigerian-British Chamber of Commerce (NBCC) has formed partnership with federal government through key regulatory bodies to enhance business operations and foster growth in Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.

The NBCC, in collaboration with government agencies including; Standards Organisation of Nigeria (SON), Bank of Industry (BOI), National Agency for Food and Drug Administration and Control (NAFDAC), and Nigeria Export Promotion Council (NEPC), hosted the second edition of the Chamber’s MSME Business Optimisation Clinic.

The president of NBCC, Ray Atelly emphasised the critical role these agencies play in overseeing industrial activities, particularly in the MSME sector.

Atelly highlighted the vital contribution of MSMEs to economic development, serving as the backbone of any economy by creating employment opportunities, driving innovation, and significantly impacting Gross Domestic Product (GDP).

He urged all key stakeholders to provide extensive support to empower MSMEs, equipping them with the knowledge and resources needed for success in today’s dynamic business environment.

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Director-general of SON, Mallam Farouk Salim, said his agency is committed to continually offering initiatives that facilitate MSME expansion, saying, MSME operators are responsible for integrating themselves into the SON-enabled business environment, a move endorsed by the federal government to accelerate growth.

Representing Salim, head of Small and Medium Enterprises Desk at SON, reinforced this commitment.

The CEO of Fine and Country, West Africa, Udo Okonjo, underscored the necessity for a robust and adaptable business model for MSMEs.

She encourages them to deliver exceptional products or services and possess expertise in wealth and financial management.

Okonjo stressed the importance of transformative leadership, collaborative teamwork, and comprehensive expansion strategies for the sustained growth and development of MSMEs.

The NBCC stands as a leading bilateral chamber of commerce in Nigeria, dedicated to promoting trade and investment between Nigeria and Britain.