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Home Economy

NACCIMA’s new president calls for increased momentum for economic recovery

Business 360 by Business 360
July 2, 2021
in Economy
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NACCIMA’s new president calls for increased momentum for economic recovery

The new president of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Ide John Udeagbala, has charged stakeholders to sustain and increase the momentum for economic recovery.

Udeagbala, who alluded to the fact that the economy slipped into recession in the past year, was thankful that the economy is on the path of recovery, noting that NACCIMA, through its advocacy, contributed to the recovery efforts by providing government with strategic policy options as the country searched for suggestions, on how to exit recession.

He made the remark during his investiture as the 21st president of the association.

He noted that the outbreak of COVID-19 pandemic early in 2020 came with considerable challenges to lives and livelihoods, which made businesses struggle to survive.

“From loss of market share, to restrictions on travel for trade and business transactions, the pandemic compelled the world to urgently adopt new ways of transacting business using technology.”

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