The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the federal government to deepen collaboration with the private sector to unlock Nigeria’s path to a $1 trillion economy by 2030.
This call was made during a recent visit to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, by a delegation led by NACCIMA’s Director General, Mr Olusola Obadimu, as part of ongoing engagements on Nigeria’s economic reform programme.
Mr Obadimu acknowledged the government’s economic stabilisation efforts and urged the minister to work closely with the private sector in driving structural reforms that would support growth and job creation.
He particularly emphasized the need for clarity on taxation, improved access to trade finance for MSMEs, and realistic policy implementation timelines.
“We commend the bold steps so far, from fuel subsidy removal to exchange rate unification. But Nigeria’s full economic potential can only be realised when private sector voices are not just heard, but integrated into decision-making,” Mr Obadimu said.
The NACCIMA delegation also sought ministerial support for its 65th Annual Conference, themed Harnessing Private Sector Potential to Achieve a One Trillion Dollar Economy by 2030, and its flagship Investment Summit scheduled for December 2025.
“There is no other way forward than for government and business to move in lockstep. Achieving a $1 trillion economy is ambitious, but achievable, if we trust and empower the engines of enterprise,” Mr Obadimu stressed.
Responding, Mr Edun reaffirmed the administration’s commitment to correcting long-standing structural distortions, boosting productivity, and encouraging private investment.
“We are focused on building a resilient and inclusive economy. The recent strengthening of the Naira, rising local production, and increased capital inflows, both domestic and from the diaspora, are early signs that our reforms are working,” the minister said.
According to a statement, both parties agreed that long-term economic transformation requires strong public-private partnerships, with the private sector positioned as a key driver of innovation, investment, and employment.