Yearly Archives - 2022

NASSI partners Lagos State Government upcoming Trade Fair

The National Association of Small Scale Industrialists (NASSI) has identified some challenges facing Small, Medium Enterprises, SMEs, leading to their underperformance in the country,including, poor social infrastructure like roads, electricity; insecurity and high mortality rate.

Speaking at a press conference on Thursday in Ikeja, Lagos, the group said it was poised to change the narratives through the forthcoming Trade Fair which would be organised in collaboration with the Lagos State government and the support of notable organisations in the country.
Other constraints identified are, inadequate funds, multiple taxation and poor accessibility to both local and international markets.
This is as the sector is said to be contributing significantly to the country’s Gross Domestic Product, GDP.
Mr. Peter Popola, the Chairman, Local Organising Committee, NASSI , organisers of the fair, which is in its 6th edition, said the fair would witness activities like exhibitions, training, symposium, among other programmes.
He said, the fair, with the theme: ‘The indispensable role of MSMEs in the quest for Nigeria’s industrialisation’, would draw industrialists, youths, women, among others.
Popoola, added the three-day programme, holding between May 9th -13th , at the Digital Bridge Institute( NITEL Training School, Ilupeju area of Lagos State, described NASSI as aiming at promoting small-scale businesses, industrial self-reliance, hospitality and other services, and enhancing capacity building among its members.
He said, the actor is a major contributor to the economy, especially through job creation, provision of essential goods/services; and called for government’s support to move the sector forward.
Popola said: “I can confidently tell you that SMEs contribute not les than 48 per cent of Nigeria’s GDP, while 96 per cent of businessrs in Nigeria are run by SMEs.”
The Commissioner of Commerce and Industry, Lagos State, who was represnted by Mrs. Adesina Helen Titilayo, said the state government appreciated SMEs and was ready to support them.
She added that it was for that reason the state governor, Mr. Babajide Sanwo-Olu, recently harmonised taxes in the state to relief businesses of double taxation.
Other important dignataries at the event, included the Chairman, NASSI, Lagos, Mrs Getrude Akhimien, reprentatives of support organisations like Bank of Industry, SMEDA,N, GIZ GOKA, among others.

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200 exhibitors for NASSI fair

To provide awareness for its members’ products, the Nigerian Association of Small Scale Industrialists (NASSI), MSMEs, Lagos chapter is set to hold its sixth trade fair.

The event, billed for the Digital Institute, Oshodi, according to the association’s Chairman, Local Organising Committee (LOC), Peter Popoola, has 200 exhibitors registered.

He noted that small scale industries were the backbone of an economy, especially Nigeria’s where they made up over 80 per cent of it and contribute significantly to its gross domestic product as well as provide jobs.

Popoola, who is also NASSI’s Vice Chairman, said the group’s members faced a lot of challenges such as lack of patronage, poor power supply and access to finance.

NASSI Lagos Chairman Mrs. Getrude Aikhimien said the government, as the biggest spender, should assist its members by buying their goods. She, however, thanked the Lagos State Government for its assistance over the years and for sponsoring the fair.

She noted that SMES were the backbone of the economy and that if they were not selling their products, it would have a spiral effect on the eceonomy. She listed the benefits of the fair as: more patronage, free training and access to funds. She appealed to hotel owners and other big businesses to partner NASSI members.

She added the symposium and training at the fair were free for participants.
At the event were Director of Commerce, Ministry of Commerce, Industry and Cooperative, Lagos State, Mrs Titilayo Adesina, who represented the commissioner; Manager, Lagos, Bank of Industry, Uche Nwachukwu, SMEDAN DG representative, Mr Bunmi Dawodu and Ismael Lawal of GIZ GOPA. Mrs Adesina pledged the government’s commitment to the fair. She noted its assistance to the group over the years.

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Blame Naira depreciation on non-patronage of MSMEs –Industrialist

An industrialist, Mr Peter Popoola, has blamed the continuous slide of the Naira on the lingering refusal of many Nigerians to patronise the local Micro, Small and Medium Enterprises (MSMEs) in preference for imported items.

According to Popoola, the Vice Chairman of Nigerian Association of Small Scale Industrialists (NASSI) Lagos Chapter, who stated this while fielding questions on the forthcoming 6th NASSI (MSMES) Trade Fair, which comes up next Monday, May 13, to Friday , May 13, “from 1990 till now, thousands of MSMEs have closed shop due to low patronage. Many Nigerians , particularly, the middle and high classes, don’t so much patronise Made-in-Nigeria goods. They prefer the imported goods. When we get foreign exchange (forex), we don’t benefit much from it because they (some beneficiaries) redirect it outside the country. That is why you see the Naira collapsing everyday”, he reasoned.

Popoola lamented that non-patronage of the MSMEs is the root cause of unemployment in the country.
His words: “The purchasing power of Nigerian consumers is very low. Some local goods have NAFDAC, SON certification, yet some people would not buy them. But unknown to them, they are creating unemployment in the country; they are killing Nigerian industries and building the foreign ones that produce the foreign goods. And it is still the same set of people that would say: there is no employment in the country. So where the employment will come from? Those who invested in the economy now are not getting returns on their investments. They borrow money, they can’t repay because they are not selling their products. If you have factories; if you have industries, before you can make headway, you need to mass produce. You borrow money, you start to buy machines; produce en masse. And now you are not selling. Up till yesterday, I still got calls from people who said they have closed down their factories and they didn’t know what next to do again. One of the reasons they are closing down is because of poor patronage from fellow Nigerians. . Let’s redirect our reasons for purchasing, let’s buy made-in-Nigeria goods”

On the reason for the NASSI Trade Fair, organised in conjunction with the Lagos State government, Popoola said these MSMEs do not have money to market their goods “because marketing is expensive. They can’t even attend international exhibition. Participation in international exhibition is also expensive. The trade fair is to expose our members’ products to the market. You all know that sale is the blood of every business,” he added.

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NASSI Member bags political appointment

A member of NASSI Lagos, Chairman/CEO , SACfruits AFIE BRAIMOH’s name has been called to serve as one of the new Commissioners in Edo state by His Excellency, Governor Godwin Obaseki.

She acknowledged the fact that her involvement in group like NASSI have helped her to achieve this feat and will help push the envelope forward. She also said she is thankful to be part of NASSI and showered encomiums on the leadership of the association.

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