ACCI seeks funding, tax relief for women in business

The Abuja Chamber of Commerce and Industry, ACCI, has called for more channels where women entrepreneurs can access soft loans and grants from development financial institutions

The President, ACCI, Dr Al-Mujtaba Abubakar, stated this during the ACCI Women in Business Trade Group Workshop on successful business operational guide and regulatory compliance for MSMEs, in Abuja on Tuesday.

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Abubakar said women entrepreneurs have contributed much to economic growth, noting that, “A report published by the Global Entrepreneurship Monitor, states that Africa leads the world in the number of women starting businesses thereby making them compete favourably with men.  As such, there is a need for the development of financial institutions to intensify efforts in providing soft loans and grants and also grant them tax reliefs to compete favourably in the Nigerian business space.”

The Vice-President, ACCI’s Women Development and Gender Matters, Roseline Obiageli Nwosu said the workshop was a platform for participants and start-ups to network and learn from executives of key regulatory agencies and financial institutions.

Meanwhile, the ACCI is set to host an investment summit in partnership with the Invest in The USA (IIUSA) to promote investment opportunities for Nigerians in the diaspora.

The Director General of the ACCI, Victoria Akai while wooing participants, said: “Therefore, come October when the investment summit will take place, we are projecting that we will set up modalities that will see Nigeria repatriate about $2 billion in foreign exchange.”