ACCI wants more private-sector involvement in govt. activities

ACCI wants more private-sector involvement in govt. activities

The Abuja Chamber of Commerce and Industry (ACCI) on Wednesday called for more involvement of the Organised Private Sector (OPS) in government activities to spur the socio-economic development of the country.

 

The ACCI President, Prince Adetokunbo Kayode, made the call in Abuja during the “Chamber’s Walk’’ organised to commemorate Nigeria’s 60th independence anniversary.

 

Kayode, represented by Chief Jude Igwe, ACCI Vice-President (Industry), said that the private sector was the engine of growth of any nation, adding that the private sector of Nigeria generated over 90 per cent of jobs in the country.

 

“Successful businesses drive growth, create jobs and pay the taxes that finance services and investments.

 

“We fund 60 per cent of all investments and we provide more than 80 per cent of government revenues; so we would like government to involve us more in its activities.

 

“The synergy of the private and public sectors will take the country out of the looming recession caused by COVID-19 pandemic,” he said.

 

Presenting the chamber’s remaining activities for the year, Kayode said that the Abuja International Trade Fair would hold from Oct. 22 to Nov. 2.

 

He said that the Real Estate Development Expo was also scheduled to hold from Nov. 18 to Dec. 21.

 

He said that the fairs, including Halal Expo and others, would hold both virtually and on site with the help of FCT health department in setting up safety measures to prevent spread of COVID-19 pandemic.

 

Igwe, while interacting with journalists, noted that Nigeria had not been able to fully source raw materials for its industries, particularly those industries which produced valuable goods in the country.

 

He urged the government to assist the OPS with sound financial policies that could facilitate its efforts to get requisite funds, including foreign exchange.

 

“Some of the Micro, Small and Medium Enterprises (MSMEs), which are mostly in the production and commercial sector, cannot procure foreign exchange because they want to bring in things that are produced here.

 

“Those enterprises should rather plan to bring in things that are not available here but which could be used to produce things which the people would love to buy from foreign outside,” he said.

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