The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), yesterday argued that Nigerians were not benefiting from the current economic reforms of the Bola Tinubu administration because the private sector has been relegated.
Speaking on Arise Television, NACCIMA President, Dele Oye, called on the Nigerian government to step back from trying to directly manage economic solutions and instead empower the private sector to drive sustainable poverty reduction and economic growth.
According to Oye, the government’s economic policies have been very harsh on the private sector and the Nigerian population, explaining that NACCIMA has already proposed a 13-point action plan to the government.
The World Bank had recently painted a gloomy picture of some countries in Africa, projecting that for instance, more Nigerians are likely to be impoverished by 2027.
“The poverty index has been growing, which means the real people, the real Nigerians, are not getting any benefit. And with the current projection, it’s alarming, and there’s something in that report to say the government needs to move gently.
“Since they’ve been doing it alone by themselves, it did not work.”
