Deputy Senate president, Ike Ekweremadu, has tasked the Chambers of Commerce, Industry, Mines and Agriculture in the country to look inwards and come out with innovations that will help move the country out of the present
economic recession.
Ekweremadu expressed the readiness of the National Assembly to provide adequate legislative struc provide adequate legislative structure to move the economy out of recession and help to ease the sufferings of Nigerians.
He issued the challenge when he received a delegation from the Enugu Chamber of Commerce, ahead of the forthcoming Enugu International Trade Fair.
He emphasised the need for government agencies and the private sector to work together to diversify the nation’s economy to provide alternative sources of income other than oil.
He said “The situation we have found ourselves now as a country is such that we are the only people who can save ourselves.
“The 28th Enugu Trade Fair could not have come at a better time in the history of our country than now that we are in recession and most of our friends are turning their backs on us. Some are moving their industries and businesses out of Nigeria; and investors are no longer confident in our system.
“So, this is time for all of us, particularly the various Chambers of Commerce to look inwards to be able to provide for ourselves those things, which we had expected others to provide or do for us.”
The lawmaker said only economic diversification, propelled by fiscal federalism and initiatives by the various Chambers of Commerce could take the country out of the woods, permanently.
Ekweremadu added: “Economic diversification is primarily about the areas the Chambers of Commerce focus on, namely, commerce, industry as well as mines and agriculture.
He also stressed the need for government-private sector initiative to reboot the industrial sector to boost productivity, grow the nation’s Gross Domestic Product (GDP), and generate employment “instead of spending scarce resources to import what could be manufactured in our country”.
He assured that the National Assembly would look into the completion of the Enugu Trade Fair Complex.
Earlier, the leader of the delegation and President, Enugu Chamber of Commerce, Ugochukwu Chime, said the successful hosting of the Enugu Trade Fair would go a long way to provide the needed buffer for the nation’s recessed economy, and engender growth and prosperity across board for Nigeria.
He commended the National Assembly, especially the Senate for its emphasis on made-in-Nigeria goods and urged the National Assembly to appropriate funds for the completion of the Enugu Trade Fair Complex.
