Vice President Yemi Osinbajo has said that one of the drawbacks that Nigeria has had in improving the business environment has been with how governments at different levels in the country regulate small businesses.
Speaking in Abuja on Monday at the commissioning of the Abuja Chamber of Commerce and Industry’s Trade and Convention Centre, Osinbajo said there is a need to take a second look at the regulation of small businesses at different levels of government with a view to addressing their challenges.
“I think that one of the drawbacks that we have had in improving the business environment is really with respect to how we regulate small businesses. So, for example in Abuja, I hear very frequently, small businesses who talk about the kind of problems that they experience, either with fumigation licenses, or one license or the other,” he said.
The Vice President said small businesses face all manner of constraints, which ideally should not occur.
The VP described the ACCI’s Convention Centre as “an incredibly sized building”, adding that it underscored the strength and dynamism of the private sector.
The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, who also commissioned the ACCI’s BEST Centre, assured the Abuja Chamber of Commerce and Industry (ACCI) of his ministry’s support in growing businesses in Nigeria.
President of ACCI, Prince Adetokunbo Kayode said the Convention Centre will serve as a place for the promotion of Nigerian businesses and the empowerment of the youths.
