LCCI Praises Tinubu's Focus on Nigeria's Manufacturing Revival

The Lagos Chamber of Commerce and Industry (LCCI) praised President Bola Ahmed Tinubu for his commitment to revitalizing Nigeria's manufacturing sector during his nationwide broadcast marking Nigeria's 66th independence anniversary. In his address, Tinubu stated that Nigeria must transition from economic stabilization to achieving widespread prosperity.

Mr. Leye Kupoluyi, President of LCCI, emphasized that a robust manufacturing and industrial base is essential for mass employment and economic growth. He urged the federal government to take swift action in reducing industrial energy costs, improving electricity reliability, and enhancing access to financing for manufacturers.

Kupoluyi highlighted the need for a competitive manufacturing sector to address various challenges, including employment, productivity, and import dependence. He called for a focus on reducing the cost of doing business and creating an environment conducive to investment, stating that the current high costs faced by manufacturers and SMEs hinder economic progress.