NACCIMA Partners with FG to Boost Business Growth and Economic Stability

Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) proposes a partnership with the Nigerian government to boost business growth and enhance economic stability in the nation.

The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, who made the announcement, said the partnership will retain investment and enhance foreign direct investment.

During an interactive session with members of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) on Friday, Oduwole disclosed that the government is focused on fostering a business-friendly environment to sustain the partnership.

Oduwole added that the new development increases credit, infrastructure, and technology, which will enable business growth and economic progression.

She also noted that the importance of public-private partnerships in transforming into sustainable economic development will enhance productivity outcomes.

“We’ve talked about inflation, interest rates, and the need for single-digit interest rates to boost productivity for their members across the country by getting enablement, facilitation, and access to credit,” Oduwole said.

“We’ve talked about several issues concerning smaller businesses and financial inclusion, and they’ve spoken for underserved members of their constituencies,” she added.

The minister further assured NACCIMA of the government’s utmost support in trade agreements to benefit Nigerian businesses locally and internationally.

“President Bola Tinubu is committed to your prosperity. NACCIMA is explicitly mentioned in my mandate as minister, and that underscores how seriously this administration takes your concerns,” she stated.

“We’ve talked a bit about priorities that NACCIMA members would want to see in the area of trade, how we implement the trade agreement and make sure to be consistent and support NACCIMA businesses when they are trading across the region and internationally,” she said.

She further highlighted the benefit of the partnership for Nigerian businesses, citing market terms as a key value: “NACCIMA is a key gateway for Nigerian businesses in terms of market access.”

Speaking about fostering a strong and effective partnership, Oduwole urged NACCIMA to ensure full compliance with the rules and regulations of the Nigerian government.

She stated that adherence to these guidelines is essential for building trust, enhancing collaboration, and creating an enabling environment for sustainable business growth and development.