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LCCI calls for injection of capital to drive investment in manufacturing, agriculture

By Naomi Uzor

THE Lagos Chamber of Commerce and Industry, LCCI, yesterday, called on all industry players to support the efforts of the Government in revamping and stabilizing the economy through the injection of capital into manufacturing, agriculture, manufacturing, trade, services and technology.

The President of LCCI, Chief Nike Akande made this call during the public presentation of the 2017 Lagos International Trade Fair, tagged “Promoting Industrialisation for Economic Recovery and Sustainable Growth”, which has been slated to hold from Friday, November 3 to Sunday, November 12, 2017.

She noted that the recently unveiled Federal Government’s Economic and Growth Plan (ERGP) 2017-2020 is expected to promote macroeconomic stability and economic diversification through fiscal stimulus, monetary stability and improvement of external balance of trade. She added that the 60-day National Action Plan on Ease of Doing Business is expected to impact on the investment climate through three priority areas which are the international trade and immigration processes as well as transparency and inclusion in public sector procurement.

“These reforms are expected to enhance Nigeria’s ranking in the Ease of Doing Business. The private sector is expected to plug into these efforts and make complementary contribution towards rescuing our economy from recession” she stated.


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