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ACCI Seeks Increased Investment To Support $1trn Economy

BY CHIKA OKEKE, Abuja

The Abuja Chamber of Commerce and Industry (ACCI) has sought increased investment, policy consistency and stronger economic coordination in the productive sectors to support Nigeria’s ambition of achieving a $1 trillion economy by 2030.

To this end, the chamber stated that policy continuity beyond the 2027 general elections is critical to realising the target, cautioning that policy reversal remained the greatest risk to the large ambition.

First Deputy President of ACCI, Prof. Adesoji Adesugba stated this when he received a merit award in Abuja, during the 20th anniversary celebration of Commerce and Industry Correspondents Association of Nigeria (CICAN).

The award, which recognised Adesugba’s contributions to commerce, industry and business journalism, provided an opportunity for ACCI to call on businesses to move beyond complaints and adopt evidence-based advocacy to influence the government policies.

He described reliable electricity supply as a major priority for economic transformation, while advocating stronger fiscal and monetary policy coordination, alongside fair implementation of the new Tax Acts.

The ACCI first deputy president enjoined financial institutions to expand long-term credit to manufacturing, agriculture and infrastructure, particularly as interest rates ease,

Adesugba outlined responsibilities for journalists in promoting national growth such as explaining economic issues, verifying information, tracking policies, investigating developments and providing balanced reporting.

He encouraged journalists to report markets responsibly and amplify the activities of businesses operating within the real economy, praising CICAN for its commitment to commerce and industry reporting.

Adesugba pleaded with CICAN members to sustain professionalism and provide credible, insightful coverage of Nigeria’s business environment.

The CICAN Chairman, Mr Gabriel Kuma appreciated Adesugba for his continued support and commitment to the association.

Kuma noted that Adesugba’s mentorship and support would continue to inspire members, while strengthening the association’s growth, unity and professional development.

The merit award underscores Adesugba’s engagement with the commerce and industry community and his contributions to business journalism and economic policy discourse.

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