Operators in the Small and Medium Enterprise sector say they are repositioning to compete with large companies in different sectors of the economy.
This, they said, they had done by adding more value to their products, some of which were exhibited last Friday during the opening ceremony of the Lagos Chamber of Commerce and Industry Members Day Exhibition in Lagos.
Speaking during the exhibition, the President, LCCI, Mr Babatunde Ruwase, said that the LCCI members’ day presented a unique exhibition, integration and networking opportunity for members of the chamber across all sectors.
He said, “As the largest and most efficient private sector group in the country, we see great investment opportunities coming from stronger business alliances among our members through a robust members’ day.
“The chamber will continue to devise innovative means to serve the interest of its members through trade promotion and policy advocacy for a better operating environment.”
In his keynote address, the Vice President and Chairman of the Membership and Welfare Committee, Mr Soboma Ajumogobia, who was represented by a council member at the LCCI, Dele Ajayi-Smith, said that products manufactured by the SMEs were exhibited to provide competitive advantage to them.
Operators/heads of the SMEs were at the event exposed to officials from the Nigerian Export Promotion Council, the Bank of Industry and the Federal Institute of Industrial Research Oshodi, among other relevant government agencies.
Ruwase said the agencies were there to help the small business owners resolve regulatory and business issues.
He also said people were invited from all over the country so that they could see the unique products made by the SMEs and patronise them.
Also speaking, the Commissioner for Commerce, Industry and Cooperatives, Lagos State, Mrs Olayinka Oladunjoye, who was represented by an official of the ministry, Hakeem Adeniji, commended the small business owners for their efforts towards adding value to their products.
She also hailed the LCCI for enhancing marketing mileage for Nigerian products and services, especially by the SMEs.
She enjoined the exhibitors to take full advantage of the platform to network and learn from others with similar complementary products so as to improve their product quality, productivity and income in the long run.
She assured the stakeholders of the Lagos State Government’s commitment towards the provision of the required friendly environment to facilitate business prosperity.
“We shall continue to provide and upgrade infrastructure and put in place friendly policies towards creating a sustainable enhanced business environment capable of guaranteeing business prosperity,” she stated.