LLCI DG Announces Credit Access for Women, Youth & Small Businesses

Dr Chinyere Almona, the Lagos Chamber of Commerce and Industry (LCCI) Director-General has mentioned that the plan of government for establishing the National Credit Guarantee Company (NCGC) is a major step towards unlocking access to credit, specifically for women, youth, and small-scale enterprises.

Dr Chinyere made this particularly statement in her new year speech, stating that if the credit scheme gets implemented effectively as well as efficiently then it holds the capacity to boost up the demand for goods from agro-producers and industries in addition to improving the capacity utilization of manufacturers along with the capacity for creating more jobs in the mid-term.

She said, “All our diplomatic efforts should be geared towards boosting foreign trade, especially when we can boost our non-oil exports to the levels of recording trade surpluses in 2025. We need critical investments in the telecommunications sector to boost the digital transformation agenda of this government.”

Furthermore, she stated that the desire of President Tinubu for working more collaboratively with the international community is a good idea. Adding to the statement, she said, “We must do more to create an enabling business environment attractive enough to boost our Foreign Direct Investments this year,” for Nigeria to really explore inherent opportunities in international relations.