By YemiAkinsuyi in Abuja
The Abuja Chamber of Commerce and Industry (ACCI) has called on the federal government to co-opt economic experts in the management of the nation’s economic problem.
The President of ACCI, Mr. Tony Ejinkeonye stated this while feeding questions from journalists at the just concluded two-day National Economic Summit in Abuja
In his words: “In the face of the Nigeria economic crises, there is an urgent need to lend the hands of economic experts in the management of the nation’s economic problem.”
He said there were specific groups in advanced countries saddled with responsibility of making sure that government economic policies are strictly implemented.
According to him, these groups such as German Economic Team in Germany, White House National Economic Council in U.S and UK Government Economic Services that handle such tasks in those countries
“These set of individuals also ensure that the government planned agenda are incorporated in the policy implementation. We believe that the government can evaluate this model which in our opinion can yield plausible results,” he said.
Ejinkeonye noted innovation and start-ups fuel economic growth; they are the ultimate job creators who start with ingenious ideas, take risks and create value for the Nigerian consumers.
He said government should institute policy actions that would encourage entrepreneurship and innovation.
He added: “Especially in our current economic downturn, it is crucial that we pursue national policies that promote innovation to ensure that there will be enough prosperity to carry on into the next generation.
SMEs having been identified as the engine of growth for any economy, there is need to pay more attention on domestic-oriented industries for the nation’s economic growth.”
Furthermore, he said that there was the need for policy actions on how government can provide support to strengthen the SMEs by introducing new measures and rationalising existing efforts to further develop resilient SMEs.
“The measures that have been identified are improving the institutional support system, facilitating accessibility to financing, upgrading technological skills, enhancing market access, promotion of greater usage of ICT and increasing awareness of product branding and protection of intellectual property rights”, he added.
According to him, efforts should be intensified to assist entrepreneurs in improving their skills in business management, Information Communication Technology, Research and development product development and marketing as well as establish strategic alliances with various chambers of commerce.