The Federal Government is partnering with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) to address key economic challenges and foster business growth.
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said this during an interactive session with members of the organised private sector on Friday in Lagos.
Oduwole outlined her vision for supporting businesses through consistent policies, enhanced access to credit, and actionable measures aimed at reducing economic constraints.
“We have discussed critical issues such as inflation, high interest rates, and the urgent need for single-digit interest rates to boost productivity for businesses across the country.
“Smaller businesses and financial inclusion, especially for underserved sectors, were also central to our discussions,” Oduwole said.
The minister emphasised the government’s commitment to tackling market barriers, ensuring investment retention, and creating a thriving business environment.
“As a champion of investment retention, I have assured NACCIMA that businesses in Nigeria will not only thrive but also inspire confidence in foreign direct investors.
“This administration is steadfast in its dedication to policy consistency,” she said.
Oduwole also reiterated the importance of trade facilitation and implementing trade agreements to benefit Nigerian businesses domestically and internationally.
She emphasised that NACCIMA plays a pivotal role in ensuring compliance with trade rules and expanding market access for businesses.
On export diversification, Oduwole stressed the need to go beyond goods to include services, technology, and the creative sector.
She commended NACCIMA for promoting inclusivity through its support for women and youth entrepreneurs across its 72 chapters.(NAN)
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