Fidelity bank card banner Emerald Energy Institute Camano banner

Abuja Chamber wants appropriate incentives to strengthen SMEs

By News Express on 23/09/2015

Gmail icon

Views: 2,284


The Abuja Chamber of Commerce and Industry Limited (ABUCCI) has urged the federal government and other stakeholders to provide support and appropriate incentives for the development of Small and Medium Enterprises (SMEs) in the country.

The President of ABUCCI, Mr. Tony Ejinkeonye, made the call on Tuesday in Abuja at the opening ceremony of the 2015 Abuja International Trade Fair.

NAN recalls that the 10th Abuja International Trade Fair commenced on Sept. 18, with the theme: “Entrepreneurship as a Panacea for Economic Growth.”

Ejinkonye said that the theme of this year's fair was chosen based on the reality that about 75 per cent of the organised private sector was made up of SMEs.

He said that the call became necessary given the importance of SMEs in the development of any economy.

The ABUCCI president also urged the government to reposition the manufacturing sector as it is the engine of growth of any economy.

Ejinkonye also appealed to the government to make the development of infrastructure a priority.

He said it was important for the current administration and other stakeholders to seriously address the transport sector, especially the rehabilitation of the railway system and road network facilities.

This, he said, would greatly enhance the transportation of both raw materials and finished goods.

Ejinkonye noted that the current administration’s effort in bringing solution to the fuel crisis had led to an increase in economic activities in the country.

On the trade fair, he said it was targeted at promoting accelerated development of commerce, promote the revitalisation and diversification of the nation’s economy to boost non-oil exports.

According to him, the 2015 is also designed to galvanise international entrepreneurship into the nation’s economy.

“Entrepreneurship is the engine that drives every 21st century economy; robust entrepreneurship is a must for a robust national economy.”

Meanwhile, the FCT Permanent Secretary, Mr. John Chukwu, represented by Mr. Abubakar Sani, said that the theme of the fair was timely and commendable, given the current economic realities of the nation’s economy.

Chukwu noted that the increasing number of unemployed youths had made entrepreneurship a viable platform to deploy the hands of job seekers and economically empower them.

He said that in a bid to reduce unemployment in the territory, the FCTA established ‘Abuja Enterprise Agency’ to key into the Federal Government’s job creation programme.

“We strategically established the Abuja Enterprise Agency as a special purpose vehicle for the development of entrepreneurship skills and the provision of viable financial muscle to support entrepreneurs.”'

He urged FCT residents to avail themselves of the opportunity of keying into the Abuja enterprise scheme and other abundant natural resources to grow their businesses.

Chukwu also commended other relevant institutions of government for their support toward the development of entrepreneurship in the country.

NAN reports that foreign exhibitors from Ghana, Cameroon, Egypt, Malaysia, China, India, Pakistan, Senegal and Benin Republic, among others, are participating in the fair. (NAN)

•Photo shows ABUCCI President, Tony Ejinkeonye.

Source News Express

Posted 23/09/2015 05:13:26 AM

 

 

CLASSIFIED ADS

 

You may also like...
Commission approves expansion of Abuja Electric’s vending centres...

National Assembly not frustrating 2017 budget presentation: Presidency...

PDP plotting to violently disrupt May 23 Rivers...

Gunmen kidnap Assistant Police Commissioner, others in Kaduna...

Nigerian cement firm charged with funding terrorists

2019: Funtua APC throws weight behind Buhari

250 Deltans to face court charges over waste...

Nigerian workers demand increase in minimum wage

Excitement in Madagali as Nigerian soldiers seize 2...

Military intelligence nabs General Shuwa’s killer

Jonathan’s wife very sick by the time she...

How Ngozi Olejeme is transforming NSITF into a...

 

Latest News Unbeatable Abdul Titi Kone re-emerges African Freestyle Football Champion Wadume: Military, Police disagreement stalls trial of kidnap kingpin, other suspects Unknown gunmen kill traditional ruler Igbos storm United Nations over alleged marginalisation by Buhari administration Minimum wage talks deadlocked again as FG, Labour fail to reach agreement NFIU clears the air on letter seeking bank account details of senators, judicial officers Over 100 LGAs ravaged by flood in 33 states Sacked Lecturer: PUNCH Correspondent arrested over petition Xenophobia: Apologies from South Africa not enough, says HURIWA Islamic State Leader issues fresh battle cry Abuja not under any form of siege — IGP Boko Haram: Borno Governor demands more protection for Maiduguri •Details of how terror group shook UNIMAID

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (540,814 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,102 views) Shameless Genevieve Nnaji exposes breasts in public (389,396 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,706 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,690 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,650 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,766 views) 10 cars more expensive than Jets (238,395 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,484 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,505 views) Lagos plane crash: Journalist releases victims’ names (195,850 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,453 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,444) Business Verdict (80) Columnists (1,109) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (812) Global Business Monitor (442) ICT Monitor (63) International (3,955) Interview (203) Live Commentary (30) Love Matters (170) Maggie's Blog (414) News (51,389) Opinion (1,359) Pidgin (17) Politics (11,447) Religion (1,102) Sports (2,168) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera