• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Revitalise Industry For Inclusive Growth, NACCIMA Urges Federal Govt

by Leadership News
3 years ago
in Business
NACCIMA
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has urged the Federal Government to prioritise the revitalisation of the industrial sector to engender inclusive growth.

Advertisement

National president, NACCIMA, Ide John Udeagbala, made the call at the Chamber’s fourth quarter state of the economy news conference yesterday in Lagos.

Udeagbala said the call was pertinent because statistics showed that 83 million people (about 40 per cent) lived below the poverty line with additional 53 million people (about 25 per cent) being vulnerable.

These indices, he said, called for great concern and urged governments across all levels to create and maintain an enabling environment that was investment friendly.

This, the NACCIMA president said, entailed enunciating and maintaining policies that removed bottlenecks to business investments.

RELATED

Flight Cancellation: NCAA Launches Complaints Automation Portal

NCAA Launches First SERVICOM Integrated Service Charter

13 hours ago
Equities Market Extends Rebound With N204bn Gain

Equities Market Extends Rebound With N204bn Gain

13 hours ago
ADVERTISEMENT

“There’s the need to address the various factors that are capable of increasing cost of doing business in Nigeria.

“These are critical issues which if addressed urgently will help position the economy for foreign direct investment and encourage local investors to establish industries that will enhance job creation and improved Gross Domestic Product (GDP),” he said

On inflation, Udeagbala acknowledging the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria to raise the Monetary Policy Rate from 14 per cent to 15.5 per cent, said the move did not address the root causes of inflation

ADVERTISEMENT

According to him, rising costs due to factors such as naira depreciation, high energy and transportation costs could not simply be controlled by adjustment to the monetary policy rate.

“Factors such as multiple exchange rates, stringent policy bottlenecks in obtaining foreign exchange for investments and production of goods and services, the security challenges need to be urgently addressed if inflation must be nipped in the bud.

“Fiscal policies and public expenditure controls at various government levels during this electioneering period will add to keep inflationary rate in check.

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10170Tweet6356Share
ADVERTISEMENT
Previous Post

President Muhammadu Buhar Seeks Mutual Understanding Among African States On Trade, Security

Next Post

LSPR Nigeria To Hold Workshop On Personal Branding

Leadership News

Leadership News

You May Like

Flight Cancellation: NCAA Launches Complaints Automation Portal
Business

NCAA Launches First SERVICOM Integrated Service Charter

2025/08/27
Equities Market Extends Rebound With N204bn Gain
Business

Equities Market Extends Rebound With N204bn Gain

2025/08/27
State Of Emergency In Rivers: Way Forward
Business

Tinubu Bans Raw Shea Export For Six Months, Eyes $300m Revenue Boost

2025/08/27
Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu
Business

Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu

2025/08/27
Renaissance Energy Africa Reaffirms Commitment To Safety Operations
Business

Renaissance Energy Africa Reaffirms Commitment To Safety Operations

2025/08/27
Dangote Cement Records Impressive Topline Growth, Sustains Profitability
Business

Dangote Cement Urges Multi-sector Collaboration To Combat Youth Unemployment

2025/08/27
Leadership Conference advertisement

LATEST

Tinubu Departs Brazil En Route Abuja

Tennis Scoring System

JUST-IN: Davido, Rema, Others Top As AFRIMA Releases 2025 Nominations List

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

IGP Speaks On ‘Cattle Theft’ As Terrorism Financing At INTERPOL Conference

Reverse Abia’s New Tax Regime, It’s Stifling Businesses, Ikonne Tells Gov Otti

‘Tinubu Directed Me To Work With You’, New APC Chair Yilwatda Tells Ganduje

Dafinone Felicitates Gov Oborevwori, Deltans On 34th Anniversary

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.