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Efficient transportation key to economic growth – Stakeholders


Stakeholders at the Abuja International Trade Fair (AITF) have stressed the importance of efficient transportation networks in driving business success and ensuring economic growth.

The emphasis was made during the official opening of the AITF in Abuja, where the theme ‘Mobility: Options for Transportation, Trade Financing, and Taxation’ highlighted the critical role of transportation in today’s global economy.

Dr Emeka Obegolu, President of the Abuja Chamber of Commerce and Industry (ACCI), noted that mobility solutions were vital to foster economic growth.

‘Mobility has become a critical factor in today’s global economy, influencing trade, finance, and taxation.

‘Efficient transportation options help businesses overcome logistical challenges, streamline supply chains, and reduce operational costs, all of which are essential for driving economic growth.

‘The fair aims to provide a platform for knowledge-sharing, collaboration, and networking, bringing together industry leaders, government officials, in
novators, and entrepreneurs to forge new trade and investment relationships.

‘It also presents opportunities to explore new markets, establish valuable partnerships, and gain insights into the latest trends and advancements.’

Mr Dele Oye, National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), reiterated the importance of mobility to national development.

‘The significance of efficient transportation networks, accessible trade finance solutions, and fair taxation policies cannot be overstated,’ he said.

Zacch Adedeji, Chairman of Federal Inland Revenue (FIRS), commended the chamber’s efforts in organising the event, highlighting the crucial role of trade and industry in economic development.

He committed to creating a tax system that facilitated business growth and supported innovations, investment, and economic diversity.

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The event was attended by government officials,
heads of agencies, partners, and stakeholders from various fields.

Source: News Agency of Nigeria