By Dipo Olowookere
The need for government to put in place stable economic policies and create a reliable regulatory environment has been emphasised by the Lagos Chamber of Commerce and Industry (LCCI).
When these are done, they would catalyse the growth of Micro, Small and Medium-Scale Enterprises (MSMEs) in the country.
President of the LCCI, Mrs Nike Akande, while speaking on Wednesday in Lagos, advised the Federal Government to consider formulating policies that will facilitate trade, attract foreign investment and protect businesses from avoidable regulatory pressures.
She said that with the right policy environment and provision of needed infrastructures, Nigerian entrepreneurs were resourceful and diligent to fully contribute to economic recovery and growth.
Mrs Akande was speaking at the maiden edition of the MSMEs Day in Nigeria organised by the LCCI.
Every June 27 has been declared as MSMEs Day by the United Nations.
The LCCI boss said since the government was taking steps to diversify the economy and look into the non-oil sector, it was important to create the atmosphere for SMEs to survive.
She said, “We therefore recommend that the current reform efforts are sustained to ensure stronger and sustainable businesses in Nigeria.”
According to her, “There is a need for a stable policy and regulatory environment that supports the reforms on the ease of doing business in Nigeria.”
Mrs Akande pointed out that, “Issues of taxation, trade and foreign exchange policies should be managed in line with international best practices.
“This should take into consideration policies that facilitate trade, attract foreign investment and protect businesses from avoidable regulatory pressures.”
