As part of actions to provide an enabling environment for Small and Medium Enterprises (SMEs) to thrive, the Umuahia Chamber of Commerce, Industry,Mines and Agriculture,(UMCCIMA), have promised to work with the state government to end the issue of double taxation facing small businesses in Umuahia.
Speaking with National Ambassador, the UMCCIMA President, Chief Chidi Nkem-Aruoma, during a Business Summit organised in Umuahia to intimate SMEs operators of the ease of doing business and how they can access SME loans,said double taxation in Umuahia would soon be a thing of the past, as UMCCIMA is expediting action to ensure multiple taxation in Umuahia comes to an abrupt stop, in order for SME to thrive.
Speaking on the theme, ‘Umuahia must Excel’, chief Aruoma, said UMCCIMA as a way of supporting small businesses and also boosting the economic base of the Abia capital city, put up a one day business summit to inform members of UMCCIMA as well as the business community, on how they can access SME loans to support their businesses, know the role of banks in promoting SME and how they can boost their businesses using the social media.
The UMCCIMA boss stated that the government cannot do it alone, adding that the role of UMCCIMA is to create wealth and assist government to move forward by building its policies.
Chief Aruoma said the financial institutions are ready to give out loans to business owners who have a good business plan, adding that the repayment mode is structured in such a way that is favourable to the business.
The UMCCIMA president who said he would want to be judged by his legacies and not by the number of years he spends in the office, revealed that by January 2020, some members of UMCCIMA would be going to Turkey, Ukraine for Agriculture and Leather exhibitions respectively, stressing that he believes so much in importing technologies rather than finished products.
He further opined that a cluster be cited in umuahia, so that the issue of touting and other nefarious acts carried out by the youths could be curtailed, thereby making umuahia safe for doing business.
