NACCIMA Applauds President Buhari’s Post COVID-19 Stimulus Package

The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture/NACCIMA) has commended the stimulus packages initiated by the federal government to assist corporate organizations get back on track following the gradual easing oxygen lockdown in some states of the federation.
The association praised in particular the Presidential directive to the CBN and other financial institutions to make plan and provision for financial stimulus packages for SMEs in view of their critical role.
NACCIMA called on respective authorities administering and that will administer these Financial stimulus packages to allow easier access and early disbursement of the funds once the Applicants can prove their own credibility and track record. In this regard , while advising members of the Chambers to take advantage of the opportunities under the National Collateral Registry (NCR) to register their moveable assets to enable prospective applicants avail themselves of the opportunities available under and through the NCR at this period.
The association also called for sector specific stimulus packages by relevant institutions as government starts a review of the budget in the face of the free fall of oil prices and loss of revenue. The stimulus packages, it further noted deserve the attention of the Economic Sustainability Committee which the VP is chairing especially as the Committee ruminate of the Post Covid era.
vWhile harping on the very important need to continue to adhere to various protocols that will help to curb the spread of the disease such as social distancing, restriction on large gathering and wide use of face mask, it applauded the Presidential Task Force (PTF) on Covid 19, the Nigeria Centre for Dieses Control(NCDC) and our health workers who are in the forefront of the fight against Covid 19.
The Chambers subsequently prayed for a speedy end to the Pandemic.