The Lagos Chamber of Commerce and Industry (LCCI) has hailed the establishment of the Presidential Economic Coordinating Committee tasked with turning around the economic conditions and repositioning the economy for growth.
They are also given the mandate to revitalise industrialisation, job creation, and revenue generation.
LCCI Director General Chinyere Almona said in a statement that the availability of an economic roadmap is a crucial ingredient for a conducive business environment as it helps to clear uncertainties and aid businesses in planning.
She assured that if the committee painstakingly followed their terms of establishment, it would boost the confidence of investors and businesses in the economy.
She urged the government to pay attention to the Committee’s recommendations and engage as many stakeholders as possible to implement recommended policies successfully.
She said: “We acknowledge and commend the government’s implementation of some recommendations by other committees, such as the Presidential Committee on Fiscal Policy and Tax Reforms. Recent executive orders that have offered relief through tax exemption, zero tariffs, excise duties, and Value-Added Tax waivers which are bold steps in the right direction.”
