President Bola Tinubu has received congratulations from the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture for being chosen to lead the Economic Community of West African States.
This information was provided by Mr. Dele Oye, President of NACCIMA, in a statement issued on Sunday in Lagos.
Recall that at the 63rd Ordinary Session of the regional organisation in Guinea Bissau, Tinubu was elected Chairman of ECOWAS.
The appointment, according to Oye, comes as the ECOWAS region positions its member states to be well-integrated into the African Continental Free Trade Area (AfCFTA), and as the continent’s largest economy, Nigeria is expected to play a crucial role in both. The NACCIMA president, however, stressed the need to address some of the challenges confronting intra-West African trade.
He mentioned that there were still a number of barriers impeding the free flow of goods and services within the area, including onerous regulations, expensive transportation, and corruption.
According to Oye, these problems had restricted regional trade growth, which had hampered West Africans’ ability to prosper economically.
More than at any other time in its history, Nigeria is held in high regard among its African counterparts.We are aware of your qualifications as an experienced politician and shrewd administrator with an impressive background in leadership and governance.
“We are fully confident that you will bring your wealth of experience and expertise to bear on the challenges currently facing the region.
We are hopeful that you will be able to address these problems head-on and put regulations into place that will make doing business in the region easier, he added.
He also pledged his support and cooperation with the Nigerian president’s initiatives to advance trade, investment, and economic development in West Africa.