LCCI urges FG to encourage private sector investment in infrastructural development

The Lagos Chamber of Commerce and Industry (LCCI) has call on Federal government to encourage and incentivize private sector to contribute to investment in infrastructural development just as it appealed to the government to ensure the proper coordination of various measures already put in place to cushion the effects of COVID-19 pandemic at both states and federal level.

Making the called Tuesday at a press briefing in Lagos, the President of the Chamber, Mrs. Toki Mabogunje, while commending the government on the various  measures already put in place to cushion the effect of this pandemic both on individuals and buisnesses, expressed concerned that the current approaches used in implementing some of these measures would not yield the desired result.

She said there was need for restrategising and ensuring proper coordination both at the states and federal level.

LCCI boss while  urging the government to focus on the completion of critical infrastructure projects nationwide such as the Lagos-Ibadan expressway, Lagos-Ibadan rail project, Enugu Airport, the Second Niger Bridge, East-West Road, among others, called for an upgrade of power and broadband infrastructure across the country in order to support ICT and digital economy.

These public goods, according to her, would have significant positive impact on commercial activities and businesses as they reduce cost of doing business and boost productivity.

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