The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, has congratulated President Bola Tinubu on his election as the Chairman of the Economic Community of West African States.
NACCIMA’s President, Dele Oye, made the congratulatory message in a statement on Sunday in Lagos state, in the aftermath of President Tinubu`s emergence as the Chairman at the 63rd Ordinary Session of the regional bloc in Guinea Bissau.
According to Oye, the appointment was coming at a time when the ECOWAS region was positioning its member-states ready to be well integrated into African Continental Free Trade Area (AfCFTA)
He said that Nigeria was expected to play a vital role in the region, as well as the continent, being the largest economy in Africa.
The NACCIMA president, however, stressed the need to address some of the challenges confronting intra-West African trade.
He noted that there were still several stumbling blocks preventing the free flow of goods and services within the region, such as cumbersome procedures, high cost of transportation, and corruption.
These issues, Oye said, had limited the growth of trade within the region thus hindering the economic prosperity of West Africans.
He also expressed his commitment to supporting and collaborating with President Tinubu in his effort to promote economic growth, trade, and investment in West Africa.
