The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the federal government to provide greater clarity on its ongoing tax reforms and enhance support for micro, small, and medium enterprises (MSMEs) through improved access to trade finance.
This appeal was made during a strategic meeting in Abuja, where NACCIMA’s Director General, Mr. Sola Obadimu, led a delegation to engage with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.
During the discussions, Edun reaffirmed the Tinubu-led administration’s dedication to implementing structural economic reforms. He pointed to gains such as the strengthening of the naira, increased inflow of both diaspora and domestic investments, and a push for self-reliance through increased local production.
While acknowledging major policy strides like the removal of fuel subsidies and unification of foreign exchange rates, Obadimu emphasized the need for improved policy execution and better alignment between government intentions and on-the-ground realities. He also spotlighted the persistent difficulties faced by MSMEs in accessing trade-related financing, and pressed for clearer and more predictable tax regulations.
The NACCIMA delegation used the opportunity to seek ministerial support for the organization’s forthcoming 65th Annual Conference and Investment Summit, which aims to spotlight the private sector’s role in steering Nigeria toward achieving a $1 trillion economy by 2030.
Both parties agreed that Nigeria’s economic future rests heavily on robust public-private partnerships, with the private sector playing a crucial role in policy implementation and national development.
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