The Minister of Budget and Economic Planning Sen. Abubakar Atiku Bagudu has called on the Abuja Chamber of Commerce and Industry (ACCI) to seek finance and credit support of development partners to encourage Small and Medium Enterprises (SMEs) in the country, as the sum of 150bn Euros Global Gateway Facility was available to be disbursed by the year 2030.
The Minister said this during a courtesy call by the President of the Abuja Chamber of Commerce and Industry (ACCI), Emeka Obegolu, in his office Tuesday.
The Minister reiterated that the Ministry has the responsibility of coordinating foreign bilateral technical assistance in support of the nation’s development, in liaison with relevant institutions at both Federal and National levels, private sector, Civil Society organizations and other stakeholders.
Bagudu noted that investments to the tune of $100bn per annum should come from the capital market and the private sector to build the Nigerian economy taking a cue from Brazil and Indonesia.
Responding, The President Abuja Chamber of Commerce and Industry (ACCI) Emeka Obegolu, appreciated the Minister for driving economic development through strategic fiscal policies, resource allocation and national planning activities.
He acknowledged the Ministry’s support for the ACCI – investment Climate Reform (ICR) Facility workshop to foster sustainable business growth, and thus called for closer collaboration to help scale up the benefits.
He then called on the Minister to look into the issue of multiple taxation of businesses as multiple taxation is a disincentive to businesses.
