ASBON seeks FG’s collaborative partnership with business stakeholders
The Federal Government has been urged to embark on massive collaborative partnership with business stakeholders for the development and growth of the Small and Medium Enterprises (SMEs) in the country.
National President, Association of Small Business Owners of Nigeria (ASBON), Dr. Femi Egbesola, who made the appeal during a press conference in Lagos at the launch of the association’s movement tagged: “Movement from Growth and Sustainability of Small Business in Nigeria,” said the move would facilitate Nigeria’s economic growth.
Egbesola revealed that due to the myriad of challenges facing small businesses in the country, ASBON conducted an intensive research on SMEs challenges and the possible way out, noting that the study indicates that SME firm performance varies with the choice of the government policy they adopted.
He said: “The results confirmed the findings of most previous studies, as it indicates that business growth of SMEs correlates significantly with the government’s policy. Specifically, the findings indicate that government policy has a positive influence on the business growth of SMEs if it is done in collaboration with relevant stakeholders.
“This implies that any increase in development and growth of the SME sector will be triggered if there are proper government policies in place.”
According to him, Nigeria’s economy can only thrive and grow if the government practises continuous Public Private Partnership/Dialogue (PPP/PPD) with major stakeholders in the SMEs industry.
He said the economy would gain a lot if SMEs stakeholders were duly represented in the policies on small business matters.