The Director-General of the Abuja Chamber of Commerce and Industry (ACCI), Mr. Agabaidu C. Jideani, has issued a strong call to action for the government and private sector to create a business-friendly environment in 2025.
In his statement, Mr. Jideani highlighted the need to address pressing challenges that hinder the growth of businesses in Nigeria, such as regulatory burdens, infrastructure deficits, and limited access to finance stating that the government and private sector must work together to create a conducive business environment that supports the growth and development of businesses in Nigeria.
The ACCI Director-General emphasised that the government should prioritize the implementation of business-friendly policies and focus on improving budget execution, particularly in infrastructure development.
He urged the government to amongst other things streamline regulatory frameworks to eliminate overlapping and complex processes that burden businesses, expedite tax reforms to address multiple taxation, simplify procedures, and reduce costs and delays in obtaining permits and licenses, and ensure effective and timely implementation of infrastructural projects to enhance the operating environment for businesses.
“The government must create a stable and supportive environment that inspires confidence among investors and businesses alike,” Mr Jideani stated.
While also addressing the private sector, Mr. Jideani called for a proactive approach to adapting to the evolving business climate. He encouraged businesses to leverage artificial intelligence (AI) and innovative technologies to improve operational efficiency and enhance customer satisfaction.
He also added that businesses to embrace flexible work arrangements, such as remote working, to reduce costs and foster a better work-life balance for employees and invest in staff welfare and development to boost productivity, enhance talent retention, and improve overall business performance.
Mr. Jideani also underscored the importance of supporting SMEs, which play a crucial role in Nigeria’s economic development. He identified the following as key areas of focus:
• Reducing regulatory burdens to allow SMEs to operate efficiently.
• Enhancing access to affordable financing and resources to enable growth and sustainability.
• Protecting SMEs from harassment and intimidation by government agencies and municipal authorities.
According to a press statement signed by Olayemi R. John-Mensah, the ACCI Media/Strategy Officer, the DG ACCI further emphasised the urgency of addressing these challenges and implementing reforms, noting that the Abuja Chamber of Commerce and Industry has consistently advocated for business-friendly policies in the fiscal year 2025.
“By working together, the government and private sector can create a conducive business environment that fosters growth, development, and prosperity,” he said.
The ACCI remains committed to supporting initiatives that drive economic growth and providing a platform for dialogue and collaboration among stakeholders in Nigeria’s business ecosystem.
