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Speedy commercialisation , privatisation ’ll spur private sector led economy,NACCIMA

Franklin Alli
The Nigerian Association  of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has advocated for speedy commercialisation and privatisation of the remaining business enterprises owned by both States and Federal Government, saying it will accelerate a private sector-led economy.

The Association’s President, Dr. Simon Chukwuemeka Okolo, who made the call during the on-going 20th Port Harcourt trade fair, observed that for public and private sector partnership to thrive, the issue of commercialisation and privatisation of the economy must be vigorously pursued to pave way for the private sector  to take over the core sectors and provide the needed growth impetus for  businesses and the economy  to grow.

Okolo, who spoke on “Stimulating a State Economy through Infrastructures Development and Public-Private partnership Initiative,” believes that Nigeria’s quest to become one of the twentieth industrialised conomies by the year 2020, would only be achieved if the synergy between the public and private sectors is solidly on ground and sustainable to boost business activities and growth of the economy.

On the other hand, he urged the private sector to continue to imbibe good business practices to support government’s programme with a view to further strengthening the existing cordial relationship between the public and private sectors of the country.


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