By; AMOS TAUNA, Kaduna
To forestall an economic tailspin in the country, the Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), has suggested that the federal government should review its economic policies and re-strategise it.
It observed with dismay that the government needs to promote greater local value addition into domestic industrial production, saying that food inflation is hitting 23.72 per cent and some food items rising to between 50 to 100 per cent.
As such, Esvr. Ishaya Idi, 1st Deputy President of KADCCIMA, in a statement, explained that the government should fully implement the provisions of the Executive Order 3 aimed at institutionalising government patronage of made-in-Nigeria products and services at all levels.
It added that government should also re-align and adapt fiscal and monetary policies to challenges faced by the real sector by ensuring support and reactivation of the comatose industrial sector and in particular the cotton, textile and garment value chain.
Idi stated, “It is to effectively support the organised private sector in its quest to take advantage of potential brought about by the African Continental Free Trade Agreement via aggressive export drive, to come up with tailored and effective intervention schemes able to significantly and positively impact and develop the rural economy in all its ramifications.”
He urged the federal government to design and implement home-grown policies to address health, education and skill acquisition for the youth.
