LCCI Urges FG To Support SMEs

The Federal Government has been advised to support small and medium businesses in 2013 to exceed the projected 6.5 per cent economic growth rate

The Director General, Mr Muda Yusuf, Lagos Chamber of Commerce and Industry (LCCI), who made the suggestion in Lagos, also urged the government to develop the solid mineral sector.

Yusuf said that there was the need to sustain investment in infrastructure to achieve the target growth rate.

He said that the economy grew by almost seven per cent in 2012, adding that the growth would be higher if the private sector was allowed to drive the economy.

“These are the areas that are currently not sufficiently developed. There are a lot of potential for growth in these sectors,” he said.

It will be recalled that the National Bureau of Statistics, on February 18, said that the economy might grow by 6.8 per cent instead of the projected 6.5 per cent in 2013.