The International Chamber of Commerce Nigeria (ICCN) has advised its members to show concern for economic policies of host nations to guaranty growth and development as well as foreign direct investments.

Mr Babatunde Savage, ICCN Chairman, made this plea on Thursday at the 13th Annual General Meeting (AGM) of the chamber in Lagos.

According to Savage, business growth and development can only be guaranteed when entrepreneurs are aware of the impact of economic policies on their businesses.

“The new phenomenon of clamouring for public-private partnership may offer needed opportunities, but many businesses have suffered from inconsistency and policy summersault of government,” he said.

Savage, however, reiterated the commitment of ICC Nigeria towards the provision of business opportunities for its members to foster global trade and investment.

He said that the organisation’s financial statement for the year ended 2011 showed a remarkable increase in revenue which majored on membership subscriptions.

The chamber membership subscription increased by 14 per cent in 2011 to N11.85 million from t N10.40 million in 2010.

Its accumulated fund stood at N58.5 million in 2011 against N58.4 recorded in 2010.