The Director General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Sola Obadimu, has led a high-powered delegation to meet with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The meeting focused on aligning the private sector with the Federal Government’s economic reform agenda, with an eye toward transforming Nigeria into a $1 trillion economy by 2030.
During the meeting, Mr. Edun reaffirmed the government’s commitment to correcting structural imbalances and building a sustainable and inclusive economy. He highlighted gains in stabilising the naira, attracting both domestic and diaspora investment, and increasing local production to reduce Nigeria’s reliance on imports. According to the Minister, the Tinubu-led administration is keen on delivering results through pragmatic reforms that prioritize long-term national interest over short-term fixes.
Mr. Obadimu applauded the government’s bold steps, especially the removal of the fuel subsidy and the unification of the exchange rate, describing them as critical for macroeconomic stability. However, he stressed the urgent need for more clarity on tax regimes, easier access to trade finance for micro, small and medium enterprises (MSMEs), and improved synergy between policy formulation and execution timelines. He also emphasized the need to ensure that economic reforms reflect the realities and aspirations of Nigerian businesses.
Read also:
- NACCIMA applauds Ugwuanyi for supporting businesses
- NACCIMA mourns victims of Kaduna train, airport attacks
- Spain’s chamber of commerce, NACCIMA sign MoU
The NACCIMA team used the opportunity to seek federal backing for its upcoming 65th Annual Conference, which will focus on “Harnessing Private Sector Potential to Achieve a One Trillion Dollar Economy by 2030.” Mr. Obadimu also highlighted preparations for the association’s flagship Investment Summit slated for December, aimed at attracting both local and international investors.
Both NACCIMA and the Finance Ministry agreed that Nigeria’s path to prosperity must be driven by strong public-private sector partnerships. They noted that while the government lays the policy framework, the private sector remains the engine that will power growth, create jobs, and boost national productivity.
The strategic dialogue signals renewed collaboration between the federal government and Nigeria’s organized private sector, a critical step in unlocking sustainable economic transformation in the face of global headwinds and domestic challenges. With the shared goal of building a trillion-dollar economy, all eyes are now on how effectively this partnership can deliver measurable results in the years ahead.
