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Abuja Chamber of Commerce Congratulates Federal Government as Economic Stabilisation Plan Boosts Investments

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… announces 19th Abuja International Trade Fair

 

The Abuja Chamber of Commerce and Industry (ACCI) has applauded the Federal Government for its proactive efforts in creating a more conducive business environment, which is now yielding tangible results through increased investments in Nigeria. The Chamber lauded the government’s Economic Stabilisation Plan as a key driver in attracting foreign direct investment (FDI) into the country, evidenced by the Coca-Cola system’s commitment to an additional $1 billion investment in Nigeria’s beverage and manufacturing sector.

Professor Adesoji Adesugba, First Deputy President of the Abuja Chamber of Commerce, expressed the Chamber’s delight at the growing investor confidence being fostered by the government’s policies. He noted that the Coca-Cola system’s significant investment is a testament to the effectiveness of the government’s initiatives, particularly the ongoing economic reforms aimed at ensuring sustainable growth.

“The Economic Stabilisation Plan of the Federal Government is highly commendable and is already delivering promising outcomes. The Coca-Cola system’s decision to accelerate its investments in Nigeria to $1 billion reflects the positive impact of an enabling business environment,” said Adesugba. He further acknowledged the government’s comprehensive approach to creating business-friendly policies and encouraged other companies to take advantage of Nigeria’s improved business climate.

Professor Adesugba also lauded President Bola Ahmed Tinubu’s “Renewed Hope” agenda, stating that the administration’s efforts will drive Nigeria toward long-term economic prosperity.

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In a related development, the ACCI is set to commence the 19th Abuja International Trade Fair (AITF), which will take start from **Monday September 20 to October 1, 2024, at the Abuja Trade and Convention Centre, Lugbe. This prestigious event, now in its 19th edition, has become one of Nigeria’s most significant multi-sectoral trade platforms, offering local and international exhibitors a prime opportunity to showcase their products and services, enter new markets, and forge valuable business relationships.

This year’s theme, “Mobility Options for Transportation, Trade Financing, and Taxation,” reflects a strategic focus on key areas that are critical for business growth and development. The AITF will explore solutions to reduce logistical challenges, enhance supply chain efficiency, and lower operational costs. It will also address the need for sustainable financing and effective taxation strategies in today’s global economy.

AITF 2024 is expected to attract over 500 exhibitors, displaying more than 10,000 products, services, and solutions to nearly 100,000 attendees over the 12-day event. The trade fair will provide a platform for knowledge sharing, networking, and collaboration among entrepreneurs, policymakers, and industry leaders. Discussions will focus on sustainable business practices, equitable financing, and innovative taxation strategies, all aimed at fostering a more resilient and inclusive economy.

The Abuja Chamber of Commerce and Industry continues to work toward the sustainable growth and development of businesses within the Federal Capital Territory (FCT) and across Nigeria. Through its various partnerships with business groups, international chambers, and trade associations, the ACCI remains committed to promoting economic and industrial development.

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FG declares wed, Thur, Jan 1, 2025 as public holidays

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Federal Government has declared Wednesday, December 25, 2024, Thursday December 26, 2024, and Wednesday January 1, 2025 as public holidays to celebrate Christmas, Boxing Day and New Year respectively.

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government extended warm greetings to all Nigerians, urging them to use the festive period to reflect on the values of love, peace, and unity that the season signifies.

In a statement, Tunji-Ojo emphasised the importance of the season as a time to
foster harmony and strengthen bonds across families and communities.

The minister also called on Nigerians to remain committed to the peace, unity and progress of the nation for national development.

“The Christmas season is a good moment for both spiritual reflection and national renewal. As we celebrate the birth of Jesus, the Prince of Peace, let us demonstrate kindness and extend goodwill to one another, irrespective of our differences,” Tunji-Ojo, said.

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He assured citizens of the Federal Government’s continued commitment to ensuring peace, security, and prosperity across the nation.

While wishing Nigerians a merry Christmas and a prosperous 2025, the minister expressed his confidence in the Renewed Hope Agenda of President Tinubu’s Administration ushering in the new year, a better and prosperous economy that will be the envy of the world.

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Basketmouth slams filmmakers for failing to showcase Nigeria’s culture in movies

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Basketmouth

Popular comedian and filmmaker, Bright Okpocha, aka Basketmouth, has accused some of his colleagues of not showcasing Nigeria’s rich culture in their movies.

The movie star alleged that most of the epic movies released recently do not promote the country’s culture.

In an interview with Hip TV, Basketmouth claimed that the filmmakers wasted opportunities to showcase Nigeria’s culture positively.

He said, “I believe that we still have the opportunity to get it right. But we had a great opportunity to showcase our culture and most of the filmmakers blew it up. They just ruined that great chance because I see epic movies and they look like stage plays.

“When I was seeing most of the epic movies, I was disappointed.

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“You guys blew up a great opportunity but let’s hope we still have another chance to strike at it.

“I’m sorry, only very few movies have impressed me so far. I believe that we can do more.”

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Gov Abiodun commiserates with Makinde, Soludo, Wike over stampede victims

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Abiodun

The chairman of the Southern Governors’ Forum, SGF, and Governor of Ogun State, Dapo Abiodun, has sympathised with the governments and people of Oyo, Anambra, and the Federal Capital Territory, FCT, over the tragic loss of lives resulting from recent stampedes at food palliative distribution venues in the affected areas.

The stampedes reportedly claimed the lives of approximately 65 Nigerians, while others sustained varying degrees of injury.

Abiodun expressed his sorrow in sympathy notes to Governor Seyi Makinde of Oyo State, Charles Soludo of Anambra State, and Nyesom Wike of the Federal Capital Territory, saying that the deaths of the victims were especially tragic because they were pursuing necessities for survival.

The SGF Chairman noted that the administration of President Bola Ahmed Tinubu, together with other levels of government, is still working to improve the living standards of the populace, despite the current economic difficulties they confront.

To prevent further tragedy, Abiodun urged all Nigerians to exercise caution and follow security procedures when attending palliative distribution events.

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He said: “Deaths such as these diminish us as a people. These disasters occurred at a time when families around the world are in a festive and joyous mood. It is indeed tragic.

“I, on behalf of my family and the good people of Ogun State, commiserate with my brother governors, Seyi Makinde of Oyo State, Charles Soludo of Anambra State, and the FCT Minister, Nyesom Wike, the families of the victims, and all Nigerians on these unfortunate incidents.

“May the souls of the departed rest in peace.”

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