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Business Community: ICCI Charged FG, As The Chamber President Emeritus Prof. Kunle Ade Wahab – Says Proper Planning and Aggressive Implimentation of Sound Economy Policies Are Needed To Revive The Nation From Economic Threat ~ PressTv


By Olushola Akinyele

…Ikorodu Chamber Of Commerce and Industry (ICCI) held their “15th Business Luncheon” Stakeholder advocate for proper planning, aggressive implementation to revive the nation economy.”

ICCI remains a first class business organization, which the establishment was conceived by Ikorodu Division Resource Development Group ( IDRDG) following the successful hosting of the first trade fair in Ikorodu division in April 2000 tagged ” Ikorodu Division Expo 2000″. The instrument used by the group to achieve the remarkable feat; makes the establishment of Ikorodu Division Industrial and Investment Promotion Council (IDIIPC) which comprised notable, pro-active, business-oriented and clairvoyant personalities who were individually and collectively, convinced that the rapid development of the socio- economic potentials of Ikorodu division was feasible” that member companies should stood the chance to gain in the process” As Lagos State government is aggressively begins the massive construction of roads in Ikorodu and environs , it will help to boost the business community.

The chamber was incorporated in 2011 as a private, non- organization of businessmen and professionals, with a misson to support and protect the interest of the business community in Ikorodu Division and liaise with government and private sector within and outside Nigeria to look at the conserve resources and stimulate public interests in the business of the chamber to enhance the Infrastructural Development Growth in Ikorodu and environs.

The Ikorodu Chamber of Commerce and Industry – 15th Business Luncheon was held in a grand style, the occasion greased with the notable, pro-active members and business elites.

The elected president of the Chamber – Emeritus Prof. Kunle Ade Wahab, welcomes the Royal Father – Oba Adeoriyomi Akeem Oyebo (Obateru of Egin Land) , Dr. Muda Yusuf – DG LCCI , Senator Mukhail Tokunbo Abiru – Chairman of the occasion, Amb. Ayoola Olakunni – DG NACCIMA and others.

“While speaking, Dr. Wahab makes a review on how the journey was started from the first inauguration Business Luncheon held in June 2013 to date.

“In my view, the economy problems of the nation are summontable if proper planning and aggressive implimentation of sound economic policies are put in place by the government with the private sector playing the supportive role.”

Emeritus Prof. Kunle Ade Wahab OON, OFR. Thanks the Royal Father, Chairman of the Occasion, DG NACCIMA , Other invited guest and member’s. For their presence and support toward this year – 15th Business Luncheon…titled “The Perspectives and Strategies For Trade and Industry; the Required Government Policies For Nigeria Economy Post- Pandemic.”

The Royal Father of the occasion, Oba Adeoriyomi Akeem Oyebo (Obateru of Egin Land) , also the CEO of Brickstech dregging LTD. While speaking to the PressTv Business correspondent.’ the Royal Father make it known that he’s a full registered member of the chamber. Urged the government to spotlight on socio-economic development of the division.

Senator Adetokunbo Abiru, representing Lagos East Senatorial District – said Nigeria needs to seek alternatives to its oil revenue.

The lawmaker who chairman the occasion said this at the sideline of the Ikorodu Chamber of commerce and Industry ’15th Business Luncheon’ while answering questions from journalists.

Senator Tokunbo described the event themed “The Perspective and Strategies for Trade and Industry: The Required Government Policies For Nigeria Economy Post-Pandemic as an assessment of the economic situation in the country over the last two years, especially during the pandemic.
“I think there should be an assessment as to how we fared during the pandemic and it is important we know how we make ourselves competitive as the theme of the event centers around trade and industry.

“We know what had happened and how trade had seriously been affected during the pandemic. Essentially, it is a wake-up call because during the pandemic the trade position of the country experienced a lot of deficit.

“As we all know, oil is a major source of revenue for us so in terms of receipt, government revenue was seriously affected because the pandemic was a problem for the whole world so demand for oil dropped.

“Thankfully, it is picking up again. However, it is a reflection for us to be more curious and look for alternatives to the oil revenue.

“Similarly, we need to work on our infrastructural deficit because it is the only way we can remain competitive particularly when you look at our agriculture. As much as it provides employment, its real value to our GDP is still suboptimal so we need to make sure that we mechanize and add value to our processing so that actual value can be derived.

“Areas infrastructure are picking up in terms of road, and others, you can see what is happening in terms of ICT so we need to focus more on those areas to make ease of doing business very appealing to investors.”

Director-General of the Lagos Chamber of Commerce and Industry (LCCI) Dr. Muda Yusuf who was the guest speaker at the event, harped on exploring opportunities created by the pandemic especially technology-wise.

He noted that demand for digital solutions has increased boosting investment like ICT infrastructure, E-Commerce, Big data among others.
“I recommended aggressive developmental finance intervention by the CBN – interest rate reduction, restructuring opportunities and moratorium on CBN facilities”.

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