Considering current economic challenges bedeviling the Nigerian economy, the Director-General of the Lagos Chamber of Commerce and Industry , Dr Chinyere Almona, has urged the federal government to provide special support mechanisms...
Acknowledging the impact that Dangote Refinery is beginning to make on Nigeria’s economy, particularly in achieving national self-sufficiency in the production of diesel and aviation fuel, she said the refinery has started to fulfill its promise by addressing critical issues in the Nigerian energy sector.
Urging more support for local companies to play in sectors that have hitherto been monopolised by foreign companies, she said more local airlines covering more international routes mean more aviation supply chain-related jobs, more FX savings and earnings and more reduction in the prices of international flight tickets.
“Furthermore, these measures will contribute to enhancing the country’s competitiveness on the global stage, attract foreign investment and position Nigeria as a key player in the regional and international markets. The government must prioritise the needs of strategic companies and take proactive steps to address their challenges to pave the way for a more resilient, diversified and inclusive economy that benefits all sectors,” she concluded.