The Lagos Chamber of Commerce and Industry (LCCI) has asked the Nigerian government to deploy innovative measures to tackle natural disasters like flooding.
LCCI president, Dr Michael Olawale-Cole made the call at the chambers’ “State-of-the-economy’’ quarterly news conference on Tuesday, January 10, 2023 where he also said that such deployments had become necessary to safeguard against impacts of projected uncertainties.
According to him, the measures were also necessary to safeguard against the confluence of challenges and economic recession across some regional blocs in 2023 and stressed that the deployment could be done by implementing environmental guidelines and establishing preventive infrastructure.
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Olawale-Cole noted that the impact of climate change on agriculture had become more evident and quick response was critical to avert possible food insecurity and worsening food inflation.
“The Federal Government needs to sustain its targeted interventions in selected critical sectors like agriculture, manufacturing, export infrastructure, and security.
“We urge government to keep track of plans to tackle oil theft to boost oil exports and to earn more foreign exchange even as we commend its effort to combat the cartel involved in oil theft,’’ he said.
Olawale-Cole also said that manufacturers should be assisted with subsidised input and more foreign exchange allocations to import critical inputs.
This, he said would reduce the shocks from disruptions to supply chains for raw materials and also drive industrialisation.
Story was adapted from EnvironNewsNigeria.
