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Industrial Growth: LCCI, ECCIMA Call For Devolution Of Power To States

The Lagos Chamber of Commerce and Industry (LCCI) and the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) on have reiterated their call on President Muhammadu Buhari to critically scrutinise the nation’s economic policies to boost industrial growth as well as consider devolution of powers to other tiers of government.

Mr. Muda Yusuf, Director General of LCCI, in an interview with Independent said the expected review of the economic policies of the present government should boost industrial growth by diversifying the economy through agriculture. He urged critics of the government to be patient.

He also advised President Buhari to consult with stakeholders regularly on issues concerning all sectors of the economy.

“We call for proactive policies, which should be anchored on the growth of SMEs and large scale investments in agriculture to provide local raw materials for the nation’s industries.

“There is obviously an urgent need for the revival of the oil and gas as well as power sectors because the poor state of the sectors could retard growth of the economy. “The organised private sector is eagerly awaiting the reviewed economic policies,” he said.

Also, Dr. Emeka Okereke, the Director-General of the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), while calling for the devolution of powers to states for effective development, insists that the states’ industrial autonomy was long overdue.

He said: “We call on the Federal Government to let the states activate the resources in their areas. That is where people will make valued contributions to Nigeria as a nation.

“Because the centre is still very strong, the states and local governments are all looking up to the centre for everything and that is why we are not advancing the way we should. The president should surrender some aspects of the executive list like mining and mineral exploration to states and you will see a great change.”

The economist also called for political restructuring, which he said, was also part of devolution of powers. “Devolution of powers is part of political restructuring. Restructuring is very important. “It does not aim to divide Nigeria but for us to cohabit with one another.”

“We have not come out from the primordial Nigeria where tribalism, ethnicity and religion is the order of the day”, he said

The Director-General, however, urged President Buhari to look at the reports of the National Conference and implement some key issues that would ensure peaceful co-existence.