▪︎ President Bola Tinubu, PECC Chairman.
The Lagos Chamber of Commerce and Industry (LCCI) has commended the federal government for the establishment of the Presidential Economic Coordinating Committee (PECC), which is tasked with turning around the economic conditions and repositioning the economy for growth, industrialisation, job creation, and revenue generation.
The LCCI also said availability of an economic roadmap was a crucial ingredient for a conducive business environment as it helps to clear uncertainties and aids businesses in planning.
In a statement, yesterday, the Director- General of LCCI, Dr. Chinyere Almona, said “the composition of the committee should boost the confidence of investors and businesses in the economy.”
The chamber also urged “the government to pay attention to the committee’s recommendations and engage as many stakeholders as possible to implement the recommended policies successfully.
“We acknowledge and commend the government’s implementation of some recommendations by other committees, such as the Presidential Committee on Fiscal Policy and Tax Reforms.”
It added that “recent executive orders that have offered relief through tax exemption, zero tariffs, excise duties, and Value-Added Tax waivers are bold steps in the right direction.
“These government actions align with our consistent advocacy for non-cash fiscal interventions targeting the cost of doing business.”