Business
NACCIMA Tasks FG On Growth-Stimulating Sectors
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has appealed to the Federal Government to give more attention to sectors that could grow the economy.
The association’s President, Dr Herbert Ajayi, who made the call in a press statement issued in Lagos, advised that more attention should be paid to agriculture, power supply, health and education.
Ajayi said that lack of adequate attention to these sectors was responsibility for the slow growth of the nation’s economy.
He noted that some of these challenges were part of the blueprint that the association wanted to discuss with the flag bearers of the various parties in a dialogue that was never held.
“We therefore decided to put across to all flag bearers our major concerns on the major challenges that militate against resounding success of the business community.
“The concerns, if looked into will galvanise the whole nation to achieve double digit real growth in all sectors of our national economy,” he said.
Ajayi urged the government to revive the farm settlements, industrial clusters, irrigation, storage, processing and packaging facilities, among others, to boost trade.
According to him, Nigeria can be food self-sufficient in the next four years if adequate attention is given to agriculture sector.
NACCIMA boss explained that agriculture employed more than 60 per cent of the nation’s population while contributing over 40 per cent to the Gross Domestic Products (GDP).
He said that it was worrisome that the sector was not well supported with cheap loans.
On the power, he called for community-based power generation and distribution to enhance power supply.
“All three phases of generation, transmission and distribution, including insurance and maintenance, must be planned as well as research into the possibility of generating solar power on a big scale,” he said.
Ajayi called for more commitment from the Federal Government on the implementation of the Local Content Law, saying the implementation had been slow and poor.
According to him, the development had inhibited the realisation of the laudable aspirations of job creation and inclusivity in the oil and gas sector.
“Our concern is the need to intensify more commitment and sincerity towards local refining of crude oil to make Nigeria a net exporter of refined products within the next five years and create jobs,” he said.
He noted that such achievement would provide opportunities for industrial growth and save the huge amount spent on subsidy on importation petroleum products annually.
The NACCIMA chief also advocated integrated transportation system that would connect roads, rails, airport, and waterways with the major cities and industrial estates.
Business
Two Federal Agencies Enter Pack On Expansion, Sustainable Electricity In Niger Delta
Business
Why The AI Boom May Extend The Reign Of Natural Gas
Business
Ogun To Join Oil-Producing States ……..As NNPCL Kicks Off Commercial Oil Production At Eba
-
Politics4 days agoAPC Releases Adjusted Timetable For Nationwide Congresses, Convention
-
Sports1 day ago2026 WC: Nigeria, DR Congo Awaits FIFA Verdict Today
-
Sports4 days ago
DG NIS Wants NSC Board Constituted, Seeks Increased In Funding
-
Business4 days agoCustoms Seek Support To Curb Smuggling In Ogun
-
Featured4 days agoINEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
-
Sports4 days agoSWAN Rivers Set-up Five Functional Committees
-
Sports4 days ago
NSC Disburses N200m Training Grants To 26 Athletes
-
News4 days ago
Police Bust Kidnapping Syndicate In PH
