Economic Development: Expert says there is gap between MSMEs, govt.

An economic expert, Franklyn Akinyosoye, has said that the gap between Small and Medium Enterprises (MIPYMES) and the Federal Government is hindering the level of economic development in the country. Akinyosoye, the president of the Association of Business Development Professionals in Nigeria (ABDPIN), told reporters in Abuja that commercial development service providers (BDSP) were the key to closing that gap. The BDSP are consultants of MIPYMES and small and medium-sized enterprises (SMEs) that provide intermediation services for small businesses. They are professionals charged with the responsibility of bridging the gap between small business owners, international organizations and the government. According to Akinyosoye, SMEs and MSMEs have the potential to increase the country's Gross Domestic Product (GDP), but this is not happening because the government has failed to involve BDSP. He said that if the BDSP were to take and commit themselves accordingly in the government's plan for small business owners in the country, the economy would be better. "For example, if the government comes with an intervention and gives that intervention to a MSME, it is ruined with money and can not pay, money is lost forever." But if such intervention passes through a BDSP, he can configure manage the money and pay when due. "In addition, the government does not want to lend or carry out interventions in a way that gives it to individual MSMEs; the government likes to give it to a group, a few or many." It is BDSP's responsibility to arm these MSMEs as a body, a cooperative, to be able to benefit from such government interventions. "He needs us to bring them together, because if we do not get them, most of the time, they have no way of uniting for themselves." Therefore, if MSMEs do not if they do not export the quality of the services they are supposed to have, the economy will not grow, our GDP will not grow. "He explained that it was the BDSP's responsibility to sustain the growth of MSMEs, using the interventions of the government, using their skills and experience.This, he said, would ensure that MSMEs were intact and doing what they were supposed to or promised to the government they would do. "So we are like a bridge between the MSMEs and their growth, between MSMEs and the government, "Akinyosoye said. The expert said the association recently held a conference in Abuja, which brought together small businesses, consultants (BDSPs) and stakeholders alike in the subsector. He explained that the conference, which was an inaugural issue, was organized to address the problems associated with small business owners and consultants in the country. "The conference was held to bridge the gap between MSMEs and consultants who have been too broad." And there are some Nigerians who do not really know there are consultants called BDSP and whose responsibility or area of ​​expertise is small business management . "The conference served as an awareness as an orientation for small business owners or micro and small and medium-sized businesses to know that there are some consultants who are specifically for them." It also aimed to create a debate on how small business owners they can access finances, manage those finances, their employment relationship between them and the consultants and then the intervention funds. "We also had the presence of government representatives and other stakeholders who approached us in their various plans for the growth of small business owners." Akinyosoye said that the association later planned to organize the conference annually or twice a year, depending on the circumstances and situations.It urged the government to ensure a stronger relationship, collaboration and synergy with the association, to help small businesses grow in the country and increase Nigeria's GDP.The association has been in existence for about four years and has been extended in approximately 16 states of the federation, including the capital city.

Comments

Post a Comment

Popular posts from this blog

Love Island’s Alex Beattie reveals he’s had a secret hair transplant after being bullied for his big forehead

Image
THE reality star sought advice from Jake Quickenden before going ahead with the procedure. The 22-year-old star of Love Island has said how he was intimidated by the size of his forehead - something he said is genetic - that affects his self-esteem. He sought the advice of Jake Quickenden before his Follicular Unit Extraction (FUE) transplant and is excited to see the results. "It was not really a sudden decision," he said. "There have only been two things that I felt insecure in my life, and that's when I felt very skinny in school and the height of my forehead. "I have not had any hair loss or anything, it was just the height of my forehead, it's a genetic thing that runs through all the guys in my family - a taller hair and I've always been disgusted. treatment and have always wanted to do it, but now I have the opportunity to allow myself to do it. "At school I used to be chosen for having a big front and being skinny, obviously I coul...
Read more

Corporate governance, responsibility, sustainability and accountability : Implication for Nigeria

Image
CORPORATE GOVERNANCE - What is it? Since corporate governance also provides the framework for achieving a company's objectives, it covers virtually all areas of management, from action plans and internal controls to performance measurement and corporate outreach. "The Institute of Autonomous Secretaries and Administrators offers the following: Corporate governance refers to the way companies govern and for what purpose. These are practices and procedures to try to ensure that a company is run in such a way that "The definition that most appeals to me is that" corporate governance encompasses the processes through which business objectives are set and pursued in the context of the social, regulatory and market environment. " The unique thread The scrutiny of these definitions and descriptions, the unique thread that unites them is to pursue or achieve corporate goals. This is what I choose to call vision. In fact, the vision of companies is the fundamental ...
Read more

Strictly Come Dancing 2017: Brian Conley eliminated as he makes SHOCKING confession

Image
STRICTLY COME BAILING star Brian Conley became the fourth celebrity to be fired from the BBC series tonight. The comedian and his professional partner Amy Dowden were eliminated after the three judges chose to save Simon Rimmer and Karen Clifton after the feared dance. Both couples headed to the dance floor for the second time in an attempt to advance to the next round of competition, but after making a mistake, the panel decided it was time for Brain to leave. In explaining his decision, Craig Revel Horwood said: "Both couples really made mistakes in that, one defeat and then the other bleached before they entered a deadlock, so it was a very, very difficult decision. "But the couple I'm going to save for just that little swivel is Simon and Karen." Darcey Bussell added: "This is incredibly difficult with these two fabulous men and it is not easy to choose between them." However, she noticed that Simon and Karen gave a "finished performance...
Read more