Business
Citing the necessity to cut back dependence on importation of products that may be substituted regionally, the Nigerian Association of Small Scale Industrialists (NASSI) has referred to as for elevated authorities support for Micro, Small and Medium Enterprises (MSMEs) in increasing the nation’s export capability.
The physique made the decision on the weekend, preparatory to the second version of its commerce honest, themed, “MSMEs as catalyst to Nigeria’s export promotion agenda”, scheduled to start tomorrow Thursday, May 17-20 at Adeyemi Dero Auditorium, Alausa, Ikeja, Lagos.
According to the Chairman, Local Organising Committee and Chief Executive Officer, Getinuel Investment Limited, Getrude Akhimien, the honest is designed to help within the creation of market for MSME merchandise each regionally and internationally.
She defined that the honest seeks to grab the chance of present realities of the necessity to diversify the nation’s economic system by selling made-in-Lagos merchandise specifically and people manufactured within the nation on the whole.
“Many of the entrepreneurs we are showcasing are women. Women are natural entrepreneurs; they need to be encouraged so that they can improve their production capacity for commercial enterprise. This year, we have at least 100 members who have indicated interest in participating at the fair”.
“Through the awareness that the fair will create, there shall be increased patronage of locally-made goods and services. This will result in business expansion; boost the local economy; save foreign exchange through less dependence on foreign products as well as earn more income; and generate employment for the teeming youth population”, she added.
On his half, NASSI’s Lagos Chairman, Segun Kuti-George, famous that there are a number of substitutes for many merchandise being imported, including that companies solely want to look inwards and benefit from out there native sources.
“This honest will enhance publicity of merchandise to each native and overseas shoppers. We want to grasp that the potential earnings from oil economic system will nose-dive and put together by trying on the non-oil sector. MSMEs are good drivers of non-oil export agenda. We solely have to develop their capability for development.