NACCIMA Urges Increased Private-public Sector Partnership, Hails Re-launch of NTFC

NACCIMA Urges Increased Private-public Sector Partnership, Hails Re-launch of NTFC

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, has commended the federal government for the re-launch of the National Trade Facilitation Committee (NTFC), urging increased private-public sector partnership to drive economic growth and development in the country.

Oye who spoke at the re-launch at the Bank of Industry (BoI) conference room, in Abuja, said it is through partnership that Nigeria can optimise the use of its assets for the greater good.

“It is both an honour and a privilege to stand before you today as we witness the re-launching of the National Trade Facilitation Committee (NTFC) under the auspices of the Federal Ministry of Industry, Trade, and Investment.

“As the President of NACCIMA, I am here to articulate the collective voice of the Organised Private Sector (OPS) and to affirm our steadfast commitment to the goals and aspirations that this committee embodies.

“The NTFC, as a vital organ within the framework of our national economic architecture, has a profoundly significant role to play. Trade facilitation is not just about expediting the movement, release, and clearance of goods; it is about creating a more efficient trade environment that is conducive to economic diversification, industrialisation, and job creation.

“The integration of the Trade Facilitation and Liberalization Sub-Committee of the Presidential Council on Industrial Revitalisation with the NTFC is a strategic move that signals our government’s resolve to harmonise efforts and streamline operations.

“Such synergy is critical in the pursuit of the Renewed Hope Agenda, which aims to rekindle the spirit of enterprise, stimulate industrial growth, and engender a more vibrant economy.

“As we stand on the cusp of this revitalisation, let us underscore the importance of trade facilitation in the context of the Nigerian economy.

“The committee is tasked with the formidable challenge of implementing reforms that will enhance our trade protocols, reduce barriers, and improve the ease of doing business. By doing so, we can attract more foreign direct investment, boost our export potential, and create a nexus of opportunities for employment and wealth creation,” he stated.

He added that the chambers of commerce across Nigeria are integral to the journey, explaining that as conduits of commerce and industry, they represent the interests and aspirations of businesses large and small.

Besides, he noted that they provide a platform for the articulation of policy recommendations, the sharing of best practices, and the fostering of partnerships that span the globe.

 In essence, he described NACCIMA as the building blocks of the private sector’s contribution to national development.

 “The question of why government and the private sector must collaborate is one that bears no ambiguity. In a world of finite resources and unending challenges, it is through partnership that we can optimise the use of our assets for the greater good of Nigeria.

“The public sector provides the regulatory framework and policy direction, while the private sector brings to the table innovation, efficiency, and execution capability. Together, we form a formidable force that can transform visions into tangible realities,” he pointed out.

The NTFC, with its renewed vigour and strategic focus, he said, stands ready to play its part in this transformative journey.

“It is our time to demonstrate what is possible when government and private enterprise unite towards a common goal. Let us move forward with a sense of purpose, a commitment to excellence, and a vision for a Nigeria where trade is a cornerstone of our national success,” Oye reiterated.

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