The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to ensure consistent policies and reforms as Nigeria pursues its ambitious goal of becoming a $1 trillion economy.
This appeal was made by the Director-General of the LCCI, Chinyere Almona, in response to President Bola Tinubu’s New Year address, where he outlined his administration’s strategies for economic growth and international collaboration.
Almona commended the President’s commitment to creating a more globally relevant economy and improving the business environment for the private sector but stressed the importance of addressing critical structural challenges.
“The President’s New Year address highlighted significant opportunities and challenges. As we work towards a $1 trillion economy, the government’s reforms in 2025 must ease inflation, reduce high interest rates, prevent business shutdowns, and address job losses,” she said.
Almona emphasised the need for reforms targeting power supply, national security, and food production.
She highlighted the National Credit Guarantee Company, introduced by President Tinubu, as a pivotal initiative to enhance access to credit for women, youth, and small businesses.
