Provide special support for industries, LCCI urges FG
CONSIDERING current economic challenges bedeviling the Nigerian economy, the DirectorGeneral of the Lagos Chamber of Commerce and Industry ( LCCI), Dr Chinyere Almona, has urged the federal government to provide special support mechanisms to strategic companies and industries that play critical roles in achieving inclusive economic growth.
In a statement by LCCI, Almona said any major recent improvements recorded in Nigeria’s economy in recent times could be traced back to the gamechanging interventions of key players in the organised private sector ( OPS).
She said as Nigeria strives to stabilise prices, boost forex inflow and attract foreign dir ect investments ( FDIS), it is imperative to recognise the pivotal role private companies play in driving growth, fostering innovat ion and creating emplo yment opportunities.
The strategic companies, she said, often operate in key sectors such as manufacturing, agriculture, technology and infrastructure, and serve as the backbone of the economy, contributing significantly to its stability and resilience.
Acknowledging the impact that Dangote Refinery is beginning to make on Nigeria's economy, particularly in achieving national self- sufficiency in the production of diesel and aviation fuel, she said the refinery has started to fulfill its promise by addressing critical issues in the Nigerian energy sector. Almona said the refinery has helped to crash the price of diesel from N1,800 to N1,225 per litre and that with another tranche of supply in the coming days, the price is expected to drop to about N1,000 per litre.
The DG expressed optimism that with the commencement of the production of petrol next month, prices are also expected to dip.
She added that the availabil
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