The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, NACCIMA, has expressed concern over the impact of President Bola Tinubu’s economic reforms, describing 2024 as a challenging year for businesses, despite gains in the public sector.
In a statement on Monday, NACCIMA’s National President, Dele Oye, highlighted the strain on the private sector, citing high inflation, soaring borrowing costs, and currency devaluation as key obstacles.
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While stressing that current economic reforms have disproportionately burdened the private sector, Mr. Oye said that urgent action is needed to address imbalances threatening the viability of businesses nationwide.
He called on policymakers to adopt a more inclusive approach, urging the government to view the private sector as a vital partner in fostering economic growth and stability.
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