ECONOMIC think tank Ibon Foundation on Saturday urged the national government to allot more support and resources to the country’s small-scale, micro-sized and medium-sized enterprises , especially those in the agricultural and industrial sectors.
“In fact, we welcome any government announcements that would support MSMEs,” Africa said. “But the pronouncements should be backed up with actual practice.” Furthermore, Africa said the government must pursue a long-term roadmap developing the capabilities of MSMEs in the agricultural and industrial sectors. In the short-term, Africa said the government is focused on supporting MSMEs in the retail and restaurant industries.Nevertheless, Africa said the government must support agricultural and industrial MSMEs because they can generate more employment and can contribute more to the growth of the economy.
Africa said this would be a huge task since developed countries such as the United States and China have the capability and industrial muscle to produce cheaper goods.
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