Business
ICCI Urges Oyo Govt On SMEs
The President of Ibadan Chambers of Commerce and Industry (ICCI), Mr Mike Fowowe, CCI), has urged the Oyo State Government to provide the infrastructure required to address the challenges facing Small and Medium Enterprises (SMEs).
Fowowe told newsmen in Ibadan that Governor Abiola Ajimobi must take necessary steps to boost the operations of SMEs.
He said: “The Oyo State Government should urgently work on building of industrial clusters parks, particularly on Ibadan Circular Road as a corollary to SMEs development.”
He identified power outage, difficulty to access land as well as poor roads as some of the challenges facing SMEs.
“For instance, if there is no power supply, cottage industry owners would take to generators as an alternative source.
“ Even at that, he would have to buy petrol or diesel at expensive rates,’’ he said.
Fowowe also canvassed the creation of industrial estates as obtainable in China and India, saying investors would enjoy economics of scale.
He said, “ The creation of industrial parks would not only help to solve the problem of land confronting SMEs operators, it will also address the issue of poor power supply since government could intervene in the process.’’
He urged the state government to partner local councils in providing good roads at the grassroots level in order to address some of the challenges facing SMEs.
The ICCI boss stated that the development of cottage industries was imperative as the solution to the growing rate of unemployment.
“ Only two per cent of the labour force are gainfully employed with the rest taking solace in self- sustenance,’’ he added.
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