NACCIMA applauds FG’s new policy thrust on private sector driven economy

on   /   in Finance 6:43 pm   /   Comments

Director-General, Nigerian Association of Chambers of Commerce, Mines and Agriculture (NACCIMA) Dr John Osemede has commended Federal Government’s decision to put the private sector in the forefront of economic rebirth.

Osemede, at a News Agency of Nigeria (NAN) forum in Lagos, said the Federal Government had announced to make private sector driven economy a policy thrust at the flag-off of activities for the centenary celebration. Nigeria is celebrating the centenary anniversary of the amalgamation of its Northern and Southern Protectorates by the British colonisers in 1914.

The Federal Government has commenced activities to mark the amalgamation exercise which happened 100 years ago. The celebration will culminate in 2014. The NACCIMA boss lauded the Federal Government’s decision, saying that it was a proactive attempt to bring about sustainable development in the economy.

“We had a meeting with Mr President and he disclosed the decision to relax and allow the private sector take over the key sectors of the economy,” he said. Osemede said that a private sector-led economy would accelerate improvement in key areas of the economy with the “constructive engagement“ of the Federal Government.

“We have challenged the Federal Government to allow us to be in the forefront of improving on our power generation, revival of refineries and infrastructural development. The private sector can adequately address unemployment, pipeline vandalism and other economic plagues confronting us as a nation.

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