Chamber Urges Manufacturers To Embrace Govt Policies

The Nigerian-American Chamber of Commerce (NACC) has called on small and medium scale manufacturers to take advantage of government policies to boost their businesses.
President of the chamber, Mr. Sam Ohuabunwa  gave the advice while speaking with reporters  in Lagos recently.
Ohuabunwa said that most small and medium scale businesses complained of lack of access to funds and other problems, but ignored the policies that could assist them to grow their businesses.
“The only challenge is that most of our small scale business owners don’t bother to study government policies that could be of help to them,” he said.
According to him, the Nigeria Industrial Revolution Plan, for instance, has a lot of benefits that small businesses can exploit.
He said that small businesses should be able to export some of their products in cases where the nation has comparative advantage over others.
“With all the Iroko trees we have in the country, we shouldn’t be importing toothpicks.
“We have the capability to produce and package our products and the small scale manufacturers, which are beginning to spring up, should key into it,” he said.
Ohuabunwa urged manufacturers to work on better packaging of their products to make them acceptable internationally.
He said that the equity loans earmarked for its members to assist them in accessing finance would soon be disbursed.