Firm pledges to support small businesses on regulatory challenges  

Olisa Agbakoba Legal (OAL) has pledged to collaborate with an indigenous firm, SME100 in order to support small businesses on capacity building, increase legal and regulatory awareness and encourage the entrepreneurial spirit.

At a press conference, the head of regulatory and compliance practice of OAL, Mrs. Beverley Agbakoba-Onyejianya stated that the department would offer SME100 its full support.

According to her, the regulatory and compliance department of OAL is committed to driving gender friendly programmes and supporting local entrepreneurship.Her words: “We have this regulatory and compliance department in OAL which is actually perfect for small businesses. We are trying to be proactive to ensure that we step in before things go wrong. So we want to help small businesses by guiding them with the regulatory requirements.

“So OAL partnership with SME100 is open to a massive cooperation for interesting businesses to leverage on, whether they are start-up or in the idea stage. “We have the expertise. There is so much that we have to offer to these small businesses and we have the opportunity to get access to these small businesses. We want to let small businesses know that we are here and we are ready to impact differently.”

Also the chief executive officer, SME100 Nigeria, Mr. Charles Odii said they need OAL to come into the organization, impact on the businesses and at the same time, let people coming into the business know what regulations entail.

His words: “Sometimes, small businesses don’t have enough resources to run a background check on projects. In the case where OAL comes into the organization to help, we will have a retainership fee per annum for services in terms of registration, communication, and when something comes up, we know we have OAL as our legal partner.”