NACCIMA and NIPC Strengthen Public-Private Partnership for Investment Growth

NACCIMA and NIPC held a meeting to strengthen their partnership to improve Nigeria’s investment climate. Discussions focused on enhancing public-private collaboration, advocating for policy reforms, and increasing Nigerian businesses’ engagement in international trade. Initiatives include forming a joint working committee and implementing capacity-building programs.

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) recently convened with the Nigerian Investment Promotion Council (NIPC) to enhance the strategic alliance between Nigeria’s public and private sectors. Conducted in Abuja, the meeting aimed to foster discussions on vital strategies for cultivating a favorable business climate in Nigeria.

Key topics included fostering collaboration between both sectors to promote economic advancement and increasing Nigerian businesses’ engagement in global trade and investment. Dele Oye, National President of NACCIMA and Chairman of the Organised Private Sector of Nigeria (OPSN), underscored the private sector’s essential role in propelling economic growth, advocating for renewed support from NIPC on joint policies and advocacy initiatives.

Aisha Rimi, Executive Secretary/CEO of NIPC, expressed her organization’s dedication to aligning with NACCIMA’s objectives and proposed establishing a joint working committee to facilitate stakeholder interactions, workshops, and necessary policy reforms. NIPC also pledged to embark on capacity-building initiatives to empower the private sector further.

The meeting highlighted the importance of a collaborative effort to push for policies that enhance business operations, minimize bureaucratic hurdles, and draw in both foreign and domestic investments. A significant outcome of the discussions was the mutual agreement to advocate for reforms that facilitate the ease of doing business in Nigeria.

Furthermore, increasing Nigerian businesses’ participation in global trade emerged as a priority, with both NIPC and NACCIMA recognizing that a concerted partnership would effectively address the challenges these businesses encounter in the international market.

The meeting between NACCIMA and NIPC underscores a commitment to enhancing Nigeria’s investment climate through robust public-private partnerships. By aligning their efforts in policymaking and capacity building, these organizations aim to foster a conducive environment for businesses, promote economic growth, and bolster Nigeria’s presence in global trade. The established joint working committee and emphasis on policy advocacy are pivotal steps towards achieving these objectives.

Original Source: www.arise.tv