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Trump’s illegal tariffs are squeezing Arizonans, and Andy Biggs has stood by these policies every step of the way. In Tucson, I spoke to food truck owners about how tariffs are hurting their businesses at every level. As governor, I’ve consistently prioritized Arizona’s small businesses, and I always will.

16,245 Aufrufe • vor 3 Monaten •via X (Twitter)

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Lessons from Indonesia highlight the critical role of small businesses in economic growth and national stability. During our recent visit, I accompanied Mr. Peter Obi in engaging with Indonesia’s Ministry of Micro, Small, and Medium Enterprises (MSMEs) and key policymakers. Indonesia has strengthened its economy by prioritizing the protection and support of SMEs, which contribute 61% to GDP and employ 97% of the workforce. Their government recognizes that small businesses are the engine of growth, ensuring job creation and economic stability. In contrast, Nigeria continues to see the indiscriminate shutdown of markets, worsening economic hardship for millions. Entire markets are being closed due to the actions of a few bad actors, particularly in relation to illegal drugs. Mr. Peter Obi has strongly advocated that if we genuinely understand the importance of small businesses, a more precise approach should be adopted, one that targets perpetrators directly rather than crippling the entire economy. Indonesia has established a comprehensive support framework for MSMEs, including mentorship, training, equipment provision, and financial support. Over $20 billion in bank loans is dedicated to MSMEs, with interest rates ranging from 3% to 6%, subsidized by the government to offset the commercial rate of 12% to 13%. Meanwhile, in Nigeria, the total loans available to over 40 million SMEs amount to less than 10% of what is allocated in Indonesia, making access to credit almost impossible for many. This is further compounded by an unfavorable business environment, including arbitrary market closures. As governor, Mr. Peter Obi demonstrated a governance model rooted in economic logic rather than arbitrary decisions. Anambra became the first state to seek a partnership with the Bank of Industry to support SMEs. Unlike others, he refused to ban okada riders, recognizing their role in the economy. Instead, he worked to improve their operations and enhance their contributions. Even NAFDAC officials acknowledged that under his leadership, enforcement was handled with fairness and transparency. What we see today is the opposite of strategic governance. People are struggling, yet instead of implementing solutions, markets are being shut down indiscriminately, an action that amounts to economic sabotage. If we are serious about building a productive nation, small businesses must be protected, not destroyed. -DrMo

Dr Mo (Moses Paul)

12,003 Aufrufe • vor 1 Jahr