The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) called for more affordable and reliable electricity supply during a recent strategy meeting in Lagos, emphasizing that stable power is crucial for improving business productivity. The association's president, Jami Ibrahim, highlighted that without stable electricity, manufacturers face significant challenges that hinder their competitiveness in the market. He pointed out that the private sector has an indispensable role in fostering national economic growth and achieving Nigeria's vision of becoming a $1 trillion economy under President Bola Tinubu's leadership.

Ibrahim described the aspiration of reaching this economic milestone as ambitious but feasible, provided that all parties involved work collaboratively. He stressed that collective efforts from stakeholders across various sectors, including government and private enterprises, are essential for realizing this goal. The statement from NACCIMA reflects wider concerns within Nigerian industries about energy solutions, which are seen as vital to driving not just economic productivity but also sustainable development practices within the country.

NACCIMA's push for better energy solutions aligns with the ongoing discourse around Nigeria's economic policy and infrastructure development. As manufacturers continue to advocate for lower energy costs, there is a pressing need for governmental support and investment in the energy sector, which could ultimately lead to a more conducive environment for business operations. The implications of this call are significant, highlighting the critical intersection of energy supply and economic performance in Nigeria's drive towards achieving its economic targets and improving the overall business landscape.