The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Federal Ministry of Industry, Trade and Investment (FMITI) are strengthening partnerships to drive efforts aimed at driving the global competitiveness of businesses in the country and enhancing economic growth.
The partnership was announced after a meeting between NACCIMA President, Kelvin Dele Oye Esq., and the Minister of Industry, Trade and Investment, Jumoke Oduwole, and other stakeholders, at NACCIMA’s Office in Lagos.
The high-level meeting, among other things focused on addressing key business challenges facing the private sector, including the persistent volatility of the Naira, rising interest rates, and foreign exchange issues that have exacerbated some business losses due to the currency depreciation.
It also emphasised the importance of harnessing Nigeria’s rich oil and gas resources wisely to promote sustainable growth. The need for careful examination of the 2024 Tax Reform Bills and their likely negative impacts on the free trade zone incentives was discussed.
