The Micro, Small and Medium Enterprises (MSMEs) stakeholders have called on the federal government through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to provide intervention funds for development of small scale businesses.
The stakeholders stated this in their separate presentation at the stakeholders’ meeting organised by SMEDAN in order to know their challenges and develop policies to remedy their problems in Uyo, Thursday.
In his presentation, Mr Ime Edoho, Akwa Ibom state chairman, Nigerian Association of Small and Medium Entreprises (NASME) urged the federal government through SMEDAN to subsidise financing for MSMEs in order to strengthen their capacity as a result of the effect of COVID-19 pandemic.
“Since the role of Business Membership Organisation (BMO) is complimentary to that of government, NASME in Akwa Ibom state is poised to be an agent of positive change in the state economy as it provides employment, skill training for women and youth which is the basis for industrial development and sustainability of our state economy,” Edoho said.
Another participant at the stakeholders meeting, Mrs Glory Etiekak, Chief Executive Officer of Natures Glory Limited said funding has been a major challenge of small scale businesses in the state.
She called on government to provide enabling environment and facilities to small scale businesses to help them register and enhance their business development.
