ACCI urges FG to rein in inflation

The Abuja Chamber of Commerce and Industry (ACCI) has expressed concern over the increasing rate of inflation.

The President of ACCI, Dr Al-Mujtaba Abubakar during the Chamber’s 32nd Annual General Meeting (AGM) in Abuja, said high inflation is having a negative impact on the businesses of members of the chamber and the economy in general.

Abubakar called for measures to address the situation.

Abubakar, therefore, called for the need for Nigerians to elect leaders with sound and realistic economic programs in the 2023 general elections.

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Abubakar said that ACCI in the last one year embarked on various developmental projects and signed a series of Memorandum of Understanding (MoU) with both private and government institutions. “This includes the University of Abuja on the establishment of the Entrepreneurship Centre and Demonstration Farm in the University.’’

He expressed the chamber’s determination to complement the efforts of the federal government in repositioning the nation’s economy.

In a remark, Prof. Adesoji Adesugba, 1st Vice President of ACCI and Managing Director, Nigeria Export Processing Zones Authority (NEPZA), said that the federal government is working assiduously to address the nation’s infrastructural deficit. He advised corporate bodies and organisations to always take advantage of the federal government’s economic programmes. Adesugba pledged NEPZA’s continuous collaboration with ACCI to fast-track the country’s industrial and economic development.