LCCI urges govt to implement sustainability plan

The President of Lagos Chamber of Commerce and Industry (LCCI) Mrs. Toki Mabogunje has on Tuesday in Lagos called on the Federal Government to implement the Economic Sustainability Plan (ESP) with utmost commitment and strong political will devoid of sentiments or political affiliations to produce the desired outcomes.

Mabogunje who gave this warning at the Chamber’s annual press briefing on the state of the economy said, “As a concerned stakeholder in the Nigerian economy, we call on the Federal and State Government to engage with the Organised Private Sector (OPS) where and when necessary, to ensure the economic sustainability plan achieve the desired outcomes that would ultimately translate to improved living standards for the Nigerian citizenry.”

She commended the ESP which is aimed at ensuring that the economy recovers quickly from the effect of the Covid-19 pandemic and continues on a growth path sustainably.

The LCCI President regretted that the committee saddled with the ESP largely excluded the OPS, stressing that they were not actively represented in drawing this plan.

“While we see this as a significant omission on the part of the government, we would, however, advised that the OPS be actively involved in ensuring the implementation as well as in monitoring the progress of the recommended activities going forward.

“We applaud the intended drive of mass agricultural programme targeting cultivation of 20,000 to 200,000 hectares, creating 5 million jobs.

“We advise that measures that concern marketing, postharvest losses as well as government buy-back of produce from this mass production be properly structured and put in place to prevent a glut of agricultural products which could lead to depressed prices and disincentive to farmers.

“It is important that strong emphasis be laid in ensuring market outlets before engaging in production activities.”

“We recognise that the ESP as submitted by the committee seeks to foster new ways of working, producing, learning, and managing public health and safety in the years to come.

“This includes building resilience across critical sectors, including aviation, education, healthcare, internal security, mining, water, and sanitation.”