NACC Boss Urges Support for MSMEs

MSME
  • NACC Boss Urges Support for MSMEs

The President, Nigerian-American Chamber of Commerce, Chief Olabintan Famutimi, says that Nigeria has entered an era where the Micro, Small and Medium Enterprises are needed for economic growth and development.

He stated this at the just concluded second African Food and Products exhibition and conference themed ‘Non-Oil Exports’ Scaling up Productivity to Meet Global Demand’.

“No doubt we have entered an era in which the Micro, Small and Medium enterprises are needed for economic growth and development. Their impact is systemic and all-encompassing, from the integration of essential goods and services such as apparel and fashion, beauty and wellness, foods and beverages, art and crafts to the promotion and establishment of non-oil exports,” a statement from the chamber quoted Famutimi as saying.

He added, “In the light of this, we must do two things: we must scale up our productivity and we must make our response even more relevant in the global space.”

He said, “This is what the Nigerian-American Chamber of Commerce is aggressively promoting even with this exhibition and conference.

“The chamber will continue to loudly remind all stakeholders of the need to promote and preserve the MSMEs and to apply international best practices and other relevant frameworks such as access to market, access to business funding, export value chain process, and the full implementation of the African Growth Opportunity Act.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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