Stakeholders laud Nigeria’s MSMEs clinic initiative

Small & Medium Enterprises

Business stakeholders have commended the Federal Government for the initiative of Micro, Small and Medium Enterprises (MSMEs) enlightenment clinics across the country.

The stakeholders, who participated in the clinic in Abuja said that the session gave them the opportunity to interact with relevant business regulations.

The MSMEs clinic is an initiative of the Presidency and it is aimed at addressing problems of enterprises across Nigeria.

The clinic is to increase the efficiency of MSMES by providing solutions through time-saving approach.

Managing Director, Electrical-Control Devices, Mr Lawrence Nwachukwu, said that access to most of the business regulators had been one of the challenges faced by small business owners.

Nwachukwu said with the clinic, the regulators were available and ready to provide services that would be beneficial to MSMEs.

Most times, it is difficult to have access to the regulators but with this clinic, it was very easy and so, we will only follow up,’’ he said.

He advised that for small business to grow properly, relevant authorities must be interested in Made-in-Nigeria products.

Nwachukwu said that although some of the products may not be up to standard, they should be encouraged through patronage, adding that whoever wanted integrity would produce good quality products.

The truth is that business is all about integrity and good name,’’ he said.

Mr Auwal Ibrahim, Director, Solar Power System Limited, said that he was able to meet some financial companies that promised to assist in lifting his business.

Ibrahim said that the business clinic also created an opportunity for participants to meet prospective local and foreign buyers who would market the products internationally.

He said that the clinic was a good ground to empower players in the MSME sector, which in turn would help the country to achieve sustainable economic growth and development.

On her part, Mrs Halima Musa, a Shea Butter producer, said the clinic created a forum where business owners were sensitised on policies, programmes and initiatives designed by the Federal Government for supporting and encouraging MSMEs.

Musa called on the Federal Government to sustain its empowerment plan for the MSMEs in order to improve small businesses in the country.

“I tell you, MSMEs are the largest employers of labour in the country, and have the prospect of employing more if supported,’’ she said.

Musa added that small business owners faced the challenges of access to fund, multiple taxation, inefficient power supplies and lack of basic knowledge to start and run a good business.

According to her, the clinic was an indication that the Federal Government would give local manufacturers a sense of belonging.

A businesswoman, Ms Ngozi Okafor, advised that the Federal Government should carry out such clinics after five or six years to properly monitor the progress.

Okafor said that the initiative should not end as other government programmes, without follow-ups and monitoring.