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Anambra Chamber Hints FG On Steps To Fast Track Economy


The Association of Anambra Chambers of Commerce, Industry, Mines and Agriculture (AACCIMA), has called on the Federal Government to make and implement policies that would fast track the economy.

Mr Humphrey Ngonadi, the Chairman of AACCIMA, made this call in an interview with the News Agency of Nigeria (NAN) in Awka on Thursday.

He said that the association was preparing for the first Anambra International Trade Fair billed for November.

Ngonadi said the depreciation of the Naira against the Dollar with the volatility of the foreign exchange market and poor infrastructure had been forcing many firms in the country out of production.

“This is a serious challenge facing everybody in the country; firms are shutting down on a daily basis because they cannot run the industry in the face of a hostile forex market.

“This development cannot support the importation of raw materials to feed them.

“The inconsistencies and unpredictability of government policies do not encourage investor’s confidence and this is why we have this type of problem now.

“We want government to provide the basic infrastructure needed by the private sector to drive the industries.

“The Federal Government should come up with a private sector driven economic policies to address this problem.

“However, we should not be discouraged, we must work hard, strong enough to face what is facing us, I believe it will be a thing of the past soon,’’ he said.

The AACCIMA chairman said the trade fair would largely feature local products and non oil export exhibition in spite of the challenges in the manufacturing sector.

He said preparations were at an advanced stage and many indigenous firms had indicated their interests to showcase their products.

“The first Anambra International Trade Fair tagged “The Jubilee Fair’’ promises to be great, AACCIMA is leaving no stone unturned to ensure that the fair is a huge success.

“We are almost ready for the fair, a lot of firms have shown interest and keyed into the exhibition.

“We believe that no matter the situation of the economy, the Nigerian companies still have a lot to offer and we are providing the platform for that,” he said.


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