By Vivian Emoni
The Abuja Chamber of Commerce and Industry (ACCI) has called for policy consistency, Micro Small and Medium Enterprises (MSMEs) protection and private sector-led growth to strengthen Nigeria’s economy in 2026.
The President of the chamber, Chief Emeka Obegolu, made the call in a New Year message by ACCI Media and Strategy Officer, Mrs Olayemi John-Mensah, on Thursday in Abuja.
Obegolu said consistent policies and private-sector-friendly reforms were critical to reducing the cost of doing business and achieving sustainable economic development.
He emphasised the need for strong protection of MSMEs, describing them as the backbone of the Nigerian economy.
According to him, sustained stakeholder engagement and predictable reforms would encourage investment and business expansion.
The ACCI president said the organised private sector remained cautiously optimistic about business opportunities in 2026, noting that the optimism persisted in spite global and domestic economic pressures affecting businesses.
He commended Nigerian businesses for their resilience and adaptability in navigating the economic challenges of 2025, adding that businesses demonstrated commitment to innovation and value creation despite inflation and foreign exchange volatility.
Obegolu also cited high energy costs, rising interest rates and limited access to finance as key constraints faced by enterprises.
According to him, these challenges underscored the importance of chambers of commerce in advocating stability and competitiveness.
He said economic reforms were necessary but should be carefully sequenced to safeguard MSMEs and organised businesses.
Obegolu warned that poorly managed reforms could result in business closures, job losses and capital flight.
He drew attention to over N720 billion in outstanding contractor debts owed by government.
He said delayed settlement of verified obligations had weakened cash flows and disrupted supply chains.
According to him, the situation had particularly affected indigenous contractors and MSMEs nationwide.
He urged government to prioritise transparent verification and timely settlement of the debts to stimulate economic activity.
Obegolu also called on the Federal Government and the FCT Administration to create a more enabling and predictable business environment.
He noted that Abuja had evolved into a major commercial and investment hub requiring stronger infrastructure and regulatory support.
He reaffirmed ACCI’s commitment to constructive engagement with government to promote ease of doing business and inclusive economic growth.
Obegolu, however, extended New Year greetings to Nigerians, particularly members of the business community in the Federal Capital Territory and its environs.
“On behalf of the Executive Council and members of the ACCI, the chamber is wishing Nigerians a prosperous and productive New Year marked by growth, innovation and inclusive economic progress.” (NAN)(www.nannews.ng)
VOE/VIV
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Edited by Vivian Ihechu
