Lawmakers working on bills to help SMEs – Deputy Speaker

Benjamin Kalu, the deputy speaker of the House of Representatives, revealed that the legislature is currently developing multiple measures to successfully promote Small-Scale and Medium Enterprises (SMEs).

According to Kalu, President Tinubu’s administration in Nigeria has implemented a number of key changes with the goal of reviving the nation’s progress toward long-term economic development.

Kalu conveyed this information on Saturday while taking part in the dedication ceremony for the Abia Innovation Industrial Park in Owaza, Ukwa West Local Government Area of the state, according to Mr. Levinus Nwabughiogu, his chief press secretary.

Alex Otti, the state governor, accompanied him.

When finished, the project is anticipated to promote economic growth, generate employment opportunities, and establish the state as a center for industrialization and innovation.

He stated:

“The 10th National Assembly has been working assiduously to supplement these reforms with legislative measures that encourage economic growth and development, under the dynamic leadership of the speaker and myself as deputy speaker.

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We are aware that initiatives like the Abia Innovation Industrial Park need a supportive legal environment to succeed.Our legislative agenda is focused on fostering a climate that supports entrepreneurship, innovation, and sustainable development.

We are actively working on legislation and policies that will support small and medium-sized businesses (SMEs), make doing business easier, and draw in both domestic and foreign investment.

The laws, continued Kalu, will be in accordance with the economic strategies established by the Federal Government to support economic inclusion and expansion in small and medium-sized businesses.

He praised the industrialization progress made so far in the state of Abia and noted that such an effort is based on a carefully considered plan with the larger national objective of achieving self-sufficiency and economic development.

“This is not merely the activity of the Abia State Government. We are lucky to be living in a time of outstanding government leadership.

Nigeria has experienced a number of transformational measures under the Bola Ahmed Tinubu presidency that are intended to put our country back on the path to long-term economic growth.

“A new era is just beginning. a time when opportunity, industry, and creativity will flourish. An age where Abia State will shine as a light of growth in our wonderful country, and where the hopes and dreams of our young people and entrepreneurs will find a home.