New Year: LCCI Urges FG To Take Practical Measures To Ensure Economic Inclusion

The Lagos Chamber of Commerce and Industry (LCCI), has urged the Federal Government to take practical measures that would ensure economic inclusion as the nation commenced the new year.

LCCI disclosed this in a statement while reacting to President Muhammadu Buhari’s new year address.

The statement reads in part “The key things that government must focus on which include : to undertake urgent reforms of the oil and gas sector; to unlock the huge potentials in jobs, investment, revenue and forex earnings. Reform will also reduce the corruption and leakages in the sector; fix the problems at the nation’s ports in the area of ports infrastructure and equipment. Also fix the seemingly intractable problem of inefficient cargo processes at the ports; put in place urgent measures to attract private capital into infrastructure financing to address the huge deficit problem in infrastructure; fix productivity issues in the real sector of the economy, especially industrial production.

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“Others include commit more resources to roads and railway infrastructure; put in place a framework for faster resolution of commercial disputes; ensure more investment regulatory environment; come up with practical strategies to promote economic inclusion in the Nigerian economy; promote the institution of true federalism; promote an urgent review and restructuring of the power sector; urgently review automotive policy and ensure effective implementation of Presidential Executive orders.”