KADCCIMA Seeks Better Management Of Economy | Independent Newspapers Limited
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KADCCIMA Seeks Better Management Of Economy

Posted: May 1, 2015 at 4:06 am   /   by   /   comments (0)

By Phillip Oladunjoye / Senior Correspondent


The President of Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), Dr. Abdul Alimi-Bello, has advised the incoming administration to effectively manage the nation’s economy.

Abdul Alimi-Bello

Abdul Alimi-Bello

Alimi-Bello, who gave the advice in an interview with journalists at the opening ceremony of the 36th Kaduna International Trade Fair, said the real sector of the economy is one of the areas he would want the Buhari administration to tackle in order to promote domestic production for overall economic growth.

“The current state of the economy is seriously affecting the real sector. People cannot access funds because the foreign exchange rate is so high, so also is the lending rate.

“The incoming administration should support the sector, manage the economy very well. It should try and improve security, reduce the level of corruption and review the rate of deposit so that the manufacturing sector will be perfect,” he added.

On the trade fair, Alimi-Bello said the event would focus on promoting local production which is key to the economic growth of any nation.

“The theme for the fair is Promoting Domestic Production for Nigeria’s Sustainable Development. We need to, as a nation, promote local production, which is key to the development of any economy.

“It is important to get our industries working so as to promote local production and create jobs, “the KADCCIMA president said.

He said that KADCCIMA had introduced various innovations to attract visitors to the fair.

“We have introduced lotteries to entice participants and visitors, and we have also designated a place to display wildlife just to educate children, especially students of primary and secondary schools, who have never seen these animals in real life.”

Alimi-Bello said that the 40-year-old fair had over the years helped to stimulate economic growth and linkages which had strengthened the nation’s economy, adding that at the end of this year’s fair, the aim of the chamber is to show the international community that things are going well in Kaduna State, and show the people that the insecurity challenges are over.

“We have to move the economy and do our work right for a greater Nigeria,” he said.