NACCIMA calls for global funds to mitigate future economic crisis

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Ide John Udeagbala, has called on world leaders to build a global reserve of funds that would be utilised in boosting businesses and helping members of Chambers of Commerce across the globe in the face of future crisis.

He disclosed this at the 12th World Chambers Congress (WCC) in Dubai, United Arab Emirates.

The WCC brings together, chamber and business heads, as well as representatives from international organisations and governments from over 100 countries of the world.

While providing insight on the role of chambers of commerce in navigating the new normal, Udeagbala urged them to learn from the lessons of COVID-19 Pandemic and build a global reserve.

He emphasised that a risk assessment needs to be carried out by chambers so as to develop and implement contingency plans in the new normal.

Udeagbala stated that a low-hanging fruit for chambers of commerce to help their countries tackle the aftermath of COVID-19 pandemic and future crisis is for strong collaboration with the government in developing and executing solutions to the challenges faced by the private sector of their respective countries.
-Thisday