LCCI seeks end to Apapa traffic gridlock
• Says modular refineries, not panacea to fuel scarcity
• FG promises to implement policies on economic growth
The Federal Government has vowed to continue with the implementation of policies aimed at driving socio-economic growth and prosperity of the country in line with its Economic Recovery and Growth Plan.
Vice President Yemi Osinbajo, said this yesterday at the Presidential Villa, Abuja, when he received a delegation from the Lagos Chamber of Commerce and Industry (LCCI) led by the Chamber’s President, Babatunde Ruwase.
“I think that no one is in doubt that we have very great policies and we will ensure that these things are implemented and done as faithfully as possible,” he said.
He said the private sector in Nigeria would continue to play a prominent role in the economic programmes and initiatives of the administration.
Also, he noted the significance of private sector investment in the economy, adding that collaboration between the Federal Government and the private sector will further boost the country’s economic progress.
Besides, the Vice President maintained that the administration was also poised to resolving the Apapa, Lagos, traffic gridlock in conjunction with the private sector.
A statement by Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, quoted Ruwase as commending the administration’s economic initiatives, which have made Nigeria a more investment-friendly destination during the visit.
Ruwase, who also stated that the setting up of modular refineries would not provide the needed panacea to the persistent petroleum scarcity in the country, noted that the modular refineries would only serve as a palliative and not a permanent solution.
He said the government should instead cede the existing refineries to private individuals to revive and produce petroleum products.
He also called for the reactivation of rail sector as well as pipelines that would evacuate cargo and petroleum products from the seaports to various outlets in the country.
The LCCI president, who further commended Federal Government’s ease of doing business reforms, said: “There has been some progress, particularly in the ease of doing business policy of government that was put in place and the various other presidential orders that they have introduced so far have impacted positively in the business environment for us as business people.”
He said the gridlock at Apapa, the overlapping functions of government regulatory agencies and the absence of an office of the Nigerian Investment Promotion Council (NIPC) were challenges faced by businesses in Nigeria.
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