The Abuja Chamber of Commerce and Industry (ACCI) has commended the federal government for its efforts in creating a “more conducive business environment” in the country.
Olayemi John-Mensah, the media officer of ACCI, said in a statement on Friday that the efforts of the government are yielding tangible results through increased investments in Nigeria.
The chamber lauded the government’s economic stabilisation plan as a key driver in attracting foreign direct investment (FDI) into the country, evidenced by the Coca-Cola system’s commitment to an additional $1 billion investment in Nigeria’s beverage and manufacturing sector.
John-Mensah said Adesoji Adesugba, the first deputy president of the ACCI, expressed the chamber’s delight at the growing investor confidence being fostered by the government’s policies.
He noted that the Coca-Cola system’s significant investment is a testament to the effectiveness of the government’s initiatives, particularly the ongoing economic reforms aimed at ensuring sustainable growth.
“The economic stabilisation plan of the Federal Government is highly commendable and is already delivering promising outcomes,” the statement reads.
The Coca-Cola system’s decision to accelerate its investments in Nigeria to $1 billion reflects the positive impact of an enabling business environment.”
He further acknowledged the government’s comprehensive approach to creating business-friendly policies and encouraged other companies to take advantage of Nigeria’s improved business climate.
Adesugba also lauded President Bola Ahmed Tinubu’s “renewed hope” agenda, stating that the administration’s efforts will drive Nigeria toward long-term economic prosperity.
In a related development, the ACCI is set to commence the 19th Abuja International Trade Fair (AITF), which will take start from Friday September 20 to October 1, 2024, at the Abuja Trade and Convention Centre, Lugbe.
The trade fair, now in its 19th edition, has become one of Nigeria’s most significant multi-sectoral trade platforms, offering local and international exhibitors a prime opportunity to showcase their products and services, enter new markets, and forge valuable business relationships.
According to John-Mensah, this year’s theme, “Mobility Options for Transportation, Trade Financing, and Taxation,” reflects a strategic focus on key areas that are critical for business growth and development.
He said the AITF will explore solutions to reduce logistical challenges, enhance supply chain efficiency, and lower operational costs.
“It will also address the need for sustainable financing and effective taxation strategies in today’s global economy,” he added.
“AITF 2024 is expected to attract over 500 exhibitors, displaying more than 10,000 products, services, and solutions to nearly 100,000 attendees over the 12-day event.
“The trade fair will provide a platform for knowledge sharing, networking, and collaboration among entrepreneurs, policymakers, and industry leaders.
“Discussions will focus on sustainable business practices, equitable financing, and innovative taxation strategies, all aimed at fostering a more resilient and inclusive economy.
“The Abuja Chamber of Commerce and Industry continues to work toward the sustainable growth and development of businesses within the Federal Capital Territory (FCT) and across Nigeria.
“Through its various partnerships with business groups, international chambers, and trade associations, the ACCI remains committed to promoting economic and industrial development.”
