NACC seeks integration of MSMES in global value chain for growth

THE Nigerian American Chamber of Commerce (NACC) has emphasized the need for managers of the Nigerian economy and stakeholders to prioritise developmental efforts towards driving Micro Small and Medium Enterprises’ (MSME) development and integrations into the global value-chain.

Indeed, the chamber noted that the world is in an era in which micro small medium enterprises are needed for economic growth and development, pointing out that their impact is systemic and all-encompassing: from the integration of essential goods and services like apparel and fashion, beauty and wellness, foods and beverages, art and crafts to the promotion and establishment of non-oil exports. NACC President, Olabintan Famutimi, at the second edition of the African food and products exhibition and conference themed “Non-oil exports: Scaling up productivity to meet global demand’’ said the chamber will continue to remind all stakeholders of the need to promote and preserve micro small medium enterprises and to apply international best practices and other relevant frameworks, such access to market, access to business funding, export value chain process, and the full implementation of the African Growth Opportunity Act (AGOA).

According to him, the twoday event is expected to have over 2,000 attendees from across Nigeria including exhibitors showcasing their products and services to a large target audience, stressing that the fair is an extraordinary and unprecedented exhibition with the sole objective of promoting the development of trade, commerce, and capacity of indigenous businesses. “Stronger cooperation and coordination within the sectors, tailored to the realities of each context and mindful of each component’s mandate, competences and skills, will allow us to do so . And this is what the NigerianAmerican Chamber of Commerce is ag gressively promoting even with this exhibition and conference,” he added.

The US Consul General, John Bray represented by the Regional Agricultural Counselor, Jude Akhidenor , stated that with Africa’s population set to double by 2050, modernizing local economies, in particular the massive agricultural sector should continue to become a focused area for development in Nigeria.