Business
Chamber Wants Private Sector In MSME Fund Management
The Abuja Chamber of
Commerce, Mines and Industry has called on the Federal Government to include the private sector in the disbursement of the Micro Small and Medium Enterprises (MSME) scheme.
Speaking to newsmen in Abuja on Friday, the Chambers Vice Chairman, Mr Jude Igwe, said the chamber supports the federal government’s policy on the setting aside the sum of N220 billion for the MSMEs.
Igwe said the policy is a step in the right direction, but advised that the private sector should engage in establishing eligibility criteria for accessing the loans.
He said the chamber is concerned about the stifling negative effect of multiple taxation and revenue collection on the SMEs, stressing that government should take urgent steps to check the multiple taxation issue with a view to addressing the problem for the survival of SMEs in Nigeria.
He said the chamber as the voice of the private sector has the responsibility to take up the challenge of creating clusters of business owners as a means of strengthening the capacity of her members to meet the eligibility conditionalities for support loans.
He called for partnership between the private sector and government agencies for constant review of the impact of polices on SMEs in the country