Ex-at­tor­ney gen­eral faults poor fund­ing of SMES

• Prom­ises to turn ACCI to struc­tured or­gan­i­sa­tion

The Guardian (Nigeria) - - BUSINESS - From Brid­get Chiedu Onichie and An­thony Otaru, Abuja

FOR­MER At­tor­ney Gen­eral of the Fed­er­a­tion, and the newly elected 10th Pres­i­dent of the Abuja Cham­bers of Com­merce and In­dus­try (ACCI), Prince Adetokunbo A. Kay­ode, has faulted poor fund­ing of Small and Medium En­ter­prises (SMES), by the three tiers of govern­ment.

Speak­ing Tues­day night in an in­au­gu­ra­tion cer­e­mony or­gan­ised by the Cham­ber, Kay­ode added that the Or­gan­ised Pri­vate Sec­tor (OPS), has al­ways shown readi­ness to can­vass and de­velop new con­cepts of al­ter­na­tive fund­ing mech­a­nisms for the SMES. Ac­cord­ing to him, ACCI will ap­pre­ci­ate if agen­cies will con­cen­trate on their core man­dates in 2018 and be­yond, to sup­port and thrive en­ter­prises rather than un­bri­dled de­mands for all man­ners of pay­ments, which make do­ing busi­ness very har­row­ing and un­prof­itable.

The new Pres­i­dent, who suc­ceeded Tony Ejinkeonye, how­ever vowed to move the cham­ber from its cur­rent amor­phous sta­tus to a re­struc­tured or­gan­i­sa­tion. He said: “We are set­ting up a Sec­re­tar­iat with four cen­tres, which in­clude busi­ness en­trepreneur­ship, skills and tech­nol­ogy, Abuja trade and con­ven­tion as well as pol­icy ad­vo­cacy and ad­vi­sory.” He added that the new lead­er­ship has put in place a three-year plan for the im­ple­men­ta­tion of the cen­tres.

He also stressed the need for states to square in with the fed­eral govern­ment for “full im­ple­men­ta­tion of op­er­a­tional­i­sa­tion of Na­tional Eco­nomic Coun­cil (NEC).”

This, he said, will aid proper eco­nomic plan­ning, and elim­i­nate the prac­tice of re­ac­tion and ad­ho­cism, and a sit­u­a­tion where crit­i­cal poli­cies are de­ter­mined more by panic.

While con­grat­u­lat­ing past pres­i­dents and lead­er­ship of the Cham­ber, Kay­ode promised to build on their le­ga­cies.

In her re­marks, the Na­tional Pres­i­dent, Nige­rian As­so­ci­a­tion of Cham­bers of Com­merce, In­dus­try, Mines and Agri­cul­ture (NACCIMA), Iyalode Alabi Law­son, said for ACCI to con­tinue to thrive, op­er­ate ef­fi­ciently and ef­fec­tively to ac­com­plish more out­stand­ing goals for the ben­e­fits of the as­so­ci­a­tion, lead­ers must re­ceive com­plete and vol­un­tary sup­port from all mem­bers of the cham­ber.

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