The Abuja Chamber of Commerce and Industry has expressed confidence in the growth and economic development prospects in 2025. The organisation highlighted its optimism for the year ahead, citing opportunities to advance Nigeria’s economic progress.
While extending extended New Year felicitations to Nigerians, particularly the business community, the President of ACCI, Emeka Obegolu, in a New Year message commended the business community’s resilience and determination in navigating the economic challenges of 2024.
He lauded the commitment of the business community to innovation and growth despite the difficulties faced, expressing optimism that 2025 will bring renewed opportunities for businesses to thrive.
“As we step into 2025, the Chamber is optimistic about the opportunities for growth and economic development that lie ahead,” Dr Obegolu said.
In his message, the ACCI boss called for policies that will address the challenges of multiple taxation and rising operational costs.
He urged governments at all levels to harmonise tax policies to ease the burden on businesses and prevent closures.
Dr Obegolu also called on the administration of President Bola Tinubu to prioritise improving the ease of doing business in Nigeria, noting the need for improvement in the country’s global ranking.
He emphasises the critical role of micro, small, and medium-scale enterprises (MSMEs) in the Nigerian economy and advocates for enhanced access to financing and the creation of a reliable database of active businesses to better support this vital sector.
While commending the present administration’s focus on infrastructure development, particularly the allocation of ₦4.06 trillion in the 2025 budget, he noted investment in sectors like transport, energy, and housing, which he notes will boost productivity, create jobs, and foster economic growth.
Dr Obegolu reaffirmed the Chamber’s commitment to working with the government to align policies with business realities and promote private-sector-led growth.
Comments are closed.