President Bola Tinubu’s recent state of the nation address has garnered wide attention and commendation from various stakeholders, including the Lagos chamber of commerce and industry [LCCI]. The address showcased the president’s leadership, responsibility and accountability as he discussed the short-term economic hardships facing the nation and unveiled a comprehensive plan to mitigate the adverse effects on Nigerians.
Dr. Asiwaju Michael Olawale-Cole, President/ Chairman of council, Lagos chamber of commerce and industry in a press release on Tuesday 1st of August 2023 appreciated the president’s commitment to creating an enabling business environment through economic reforms, which include streamlining regulations, reducing the cost of doing businesses. These initiatives will enhance the competitiveness of Nigerian businesses, attract foreign direct investment, and stimulate economic activities.
LCCI also noted the president’s emphasis on human capital development, particularly in areas of education, healthcare and skills acquisition. These investments are critical to fostering innovation, improving productivity and enhancing the overall well-being of Nigerians.
The chamber also acknowledged the president’s recognition of the importance of technology and digitalization in driving economic growth and development. The president’s commitment to expanding broadband access, promoting e-commerce and harnessing the potential of the digital economy is commendable. These initiatives will facilitate digital inclusion, create job opportunities and drive entrepreneurship in the country.
Furthermore, LCCI is pleased with the president’s commitment to energy sector reforms particularly in the areas of deregulation and investment in renewable energy sources. The chamber believes that these reforms will improve energy access, reduce the cost of electricity and attract private sector investment in the sector.
In conclusion, the Lagos chamber of commerce and industry commends president Bola Tinubu for his comprehensive address on the state of the nation. The president’s vision, commitment and strategic plan demonstrate his understanding of the complexity and challenges facing the Nigerian economy. LCCI pledges its support to the president in his efforts to drive inclusive economic growth, reduce poverty and create sustainable development opportunities for all Nigerians.
