NACCIMA, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, has urged the federal government to increase support for public-private partnerships to boost local production. The association emphasized that such collaboration is essential for achieving the government’s target of a $1 trillion economy by 2030.
NACCIMA’s National Public Relations Officer, Hajiah Madinat, stated that enhanced PPP initiatives would help local businesses thrive and contribute to national economic growth. The organization highlighted the need for policy frameworks that encourage private sector participation in key industries.
The call comes as Nigeria continues to face challenges in diversifying its economy and reducing reliance on oil revenues. NACCIMA noted that stronger PPPs could drive innovation, create jobs, and improve infrastructure. The association also stressed the importance of regulatory clarity and financial incentives to attract private investment.
This push for PPPs aligns with broader economic reforms aimed at fostering sustainable development. Previous government reports have outlined the potential of private sector involvement in areas such as manufacturing, agriculture, and technology. NACCIMA’s advocacy reflects growing recognition of the role of collaboration in economic transformation.
The association’s focus on local production underscores efforts to build a more resilient and self-sufficient economy. With the 2030 target still years away, the need for strategic partnerships remains a central theme in Nigeria’s economic planning.
