The House of Representatives is committed to the growth of small and medium enterprises (SMEs), a member representing Egbeda/ Ona-Ara federal constituency of Oyo State in the green chamber,Hon. Akin Alabi has said.
He added that the House will not turn down budget proposals targeted at ensuring the growth of SMEs in the country.
Alabi spoke with newsmen in Ilorin, Kwara State, on Wednesday, on the sidelines of the inauguration of Entrepreneurs Network, where 10 individuals business owners got one Million naira grant each to grow their businesses.
The lawmaker who was the keynote speaker at the event, said members of the House of Representatives have never for once in about four years “declined” to approve appropriation bills that will encourage the growth of SMEs.
He,however, said : “One of the mistakes people make before starting a business is that they decide their products before identifying the markets.”
Earlier, the convener of the network, Ahmed Lawal said the essence of the scheme was to bring individual business owners together under one umbrella that will promote and grow their businesses.
He said the network which has in its fold over 1,000 individual business owners was proposing the establishment of a microfinance bank to further assist members with loan facilities to grow their businesses.
Kwara central senatorial candidate of the All Progressives Congress (APC ), Mal. Saliu Mustapha who announced a donation of N5m grants to support the initiative by lahmad concepts, also promised to pursue legislation that will encourage more investment in human capital development and skills acquisition.
We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →
Join Our WhatsApp Channel
