Business
PHCCIMA President Links SME Growth To ICT Dev

The President of Port Harcourt Chambers of Commerce, Mines, Industry and Aggriculture (PHCCIMA), Eze Mike Elechi, has said Information and Communication Technology (ICT) tools should be appreciated, if Small and Medium Enterprises (SMEs) must move forward.
Elechi said this when he spoke in an exclusive chat with The Tide in Port Harcourt, weekend.
He said the time has come for operators of SMEs and other sectors to embrace modern tools of business development, if they desire growth.
According to him, “to record a good turnover in business, one must endeavour to welcome the new system available in that sector”.
He said the State Governor, Chief Nyesom Wike, has provided platforms that would support SMEs growth, to ensure a healthy business development in the State.
Such platforms, he listed, include good road network and other infrastructural development which, he said, are key in the system.
On Agricultural Development, he suggested that agricultural loans should be provided for core farmers who are ready to do business, and not those he described as “portfolio farmers”.
The former Permanent Secretary, Ministry of Works, stated that loans are for business growth and not for pleasure or fun seekers.
The PHCCIMA President, who is also the Chief Executive Officer (CEO) and Managing Dirctor of “Vintage Farms and Products”, Elele, cautioned against release of small amount of money as loan as applied by business operators, saying that such was part of the challenges in loan return process.
“The Government must learn how to approve sufficient amount for loan to willing business operators. If something lower than what they applied for is approved, it won’t foot the business, not to talk of returning same”, he said.
He also made case for a monitoring system for SME and business operators who are on loan, in order to keep them on check.
Meanwhile, he said there would be a robust business future for the state, given the level of business activities on ground, adding the need for tax holiday for business enterprises.
By: King Onunwor
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