Rivers State is teaming up with PHCCIMA and OPS to build a solid database of Small and Micro, micro-medium enterprises (MSMEs). The initiative has kicked off at PHCCIMA’s large auditorium, with top officials from Agriculture and Commerce present.
President Mike Elechi of PHCCIMA has urged businesses to register in this database drive, which will soon extend to all local councils. This effort aims to accurately capture the number of people engaged in MSMEs. Embracing this scheme is vital for the state’s economic policy implementation.
This database will equip the new administration to plan and provide funding support for MSMEs. President Elechi also highlighted the focus on SMEs and international partnerships at the 2023 Port Harcourt International Trade Fair, emphasizing its potential to transform Rivers State’s economy.
PHCCIMA is actively pursuing diplomatic ties to bolster businesses, particularly MSMEs, within their scope. The monthly members’ forum, a platform for idea exchange, has centered its September session on export financing in partnership with NEXIM Bank.
Ganiyu Ahmid Gbolagade, the Regional Coordinator of NEPC, encouraged the South-South region to maximize the One-State-One-Product (OSOP) scheme’s offerings. He urged city chambers to tap into available resources for non-oil export promotion.
Soni A. Oseghale, NEXIM’s South-South Regional Manager, emphasized the importance of boosting export trade in the face of foreign exchange scarcity. He underlined NEXIM’s commitment to de-risking less attractive sectors for exporters, aiming to make export financing more accessible.