The apex chamber of commerce in Nigeria, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has raised the alarm over the exodus and closure of businesses in the country arising from the current state of the nation’s economy and government’s policy summersaults.
A statement from NACCIMA signed by its National President, Dele Kelvin Oye, appealed to the Federal Government to urgently address the fundamental issues undermining the country’s economic stability and business climate.
According to him, “the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the apex chamber of commerce in Nigeria, acknowledges that this is a difficult time for all companies in Nigeria.
“We also understand the complex nature of our diverse/ mixed economy and how different corporations are impacted by the current situation.
“We must, therefore, be balanced in referencing the closure of several businesses and the exit of some multinational companies, as well as the expansion efforts being undertaken by several local and non-international companies.