LCCI asks Tinubu to establish dedicated website to track investments

Lagos Chamber of Commerce and Industry (LCCI) has charged President Bola Tinubu-led government to take a cue from countries like India, Saudi Arabia, and China and establish a dedicated website that provides useful information on investments.

In a statement made available on its official website, the organization urged that the website should include details on the areas in which investments are required and the funds needed for each project.

“However, LCCI would appreciate it if the President’s team would follow the example of India, Saudi Arabia, and China by establishing dedicated websites that provide useful information on investments. These websites should include details on the areas in which investments are required and the funds needed for each project,” the statement partly read.

“This strategy has the potential to provide global investment opportunities without necessitating excessive or unnecessary physical interactions/ movements. In addition, domestic players in each area will be provided with the chance to get accurate knowledge on the current industry status, including the projected number of agreements and investments in each sector. Such platforms will function as reliable information and metrics for evaluating performance and as a foundation for developing policies aimed at incentivizing industries that lack investment interest,” it added.

The request comes just as President Tinubu continues to broker investment deals as he looks to revive the country’s economy.

The organisation also commended the president for brokering investment deals with leaders of the US, Germany, and South Korea, alongside the Indian investors adding that the proposed investments will have a positive impact on job creation, economic development and the diversification of the nation’s economy.

It added that the president is on course in addressing issues confronting us as a Nation, and the Organized Private Sector in Nigeria supports these actions.