INDUSTRY: Concerns Over Slow Pace Of Industrialisation Among SMEs

government; the challenge of multiple taxation and excessive drive for revenue by agencies of government which imposes a huge burden on our manufacturing industry, especially those who are in the MSME category; there is poor domestic patronage of what is produced locally; paucity of basic industries to support our manufacturing enterprises; policy inconsistency; weak infrastructural base; high cost of fund; among others,” he stressed.

He explained that “if we must promote economic growth and inclusion, we must bring the MSMEs on board. The government needs to put in place the support infrastructure to facilitate the growth of MSMEs. The director-general of Lagos Chamber of Commerce and Industry , Dr. Chinyere Almona noted that the President Bola Tinubu’s eight-point agenda: food security, ending poverty, economic growth, and job creation. Others are improving access to capital, particularly consumer credit, inclusivity in all its dimensions, improving security, improving the playing field on which people and particularly companies operate, the rule of law, and fighting corruption.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mohbad: Rethinking insurance for entertainment industryIt’s not news anymore that the death and controversy surrounding the premature exit of music star, Ileri Oluwa Oladimeji Aloba, popularly called Mohbad, has continued to rage. It’s not news anymore that the death and controversy surrounding the premature exit of music star, Ileri Oluwa Oladimeji Aloba, popularly called Mohbad, has continued to rage.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

'Cardi B planted in music industry to replace Nicki Minaj'Billionaire American hip-hop mogul, Kanye West has asserted that rapper, Cardi B was 'planted' in the music industry by some disgruntled executives to
Source: DailyPostNGR - 🏆 11. / 59 Read more »