The Abuja Chamber of Commerce and Industry (ACCI) has called for policy consistency, robust support for Micro, Small and Medium Enterprises (MSMEs), and private sector-led growth to bolster Nigeria’s economy in 2026.
Chief Emeka Obegolu, President of ACCI, made the call in a New Year message released by the chamber’s Media and Strategy Officer, Mrs. Olayemi John-Mensah, in Abuja.
Obegolu emphasised that consistent policies and private-sector-friendly reforms are crucial to reducing business costs and ensuring sustainable economic development. He described MSMEs as the backbone of the Nigerian economy, stressing that their protection is key to national growth.
According to him, predictable reforms and sustained stakeholder engagement would encourage investment and business expansion, with the organised private sector remaining cautiously optimistic about opportunities in 2026 despite global and domestic economic pressures.
The ACCI president commended Nigerian businesses for their resilience and adaptability in navigating the economic challenges of 2025, noting their commitment to innovation and value creation amid inflationary pressures and foreign exchange volatility.
Obegolu highlighted high energy costs, rising interest rates, and limited access to finance as ongoing constraints for enterprises, underscoring the need for chambers of commerce to advocate for policy stability and competitiveness.
He cautioned that poorly managed reforms could lead to business closures, job losses, and capital flight. He also drew attention to over N720 billion in outstanding contractor debts owed by government, saying delays in settling verified obligations had weakened cash flows and disrupted supply chains, particularly affecting indigenous contractors and MSMEs.
Obegolu urged the government to prioritise transparent verification and timely payment of debts to stimulate economic activity. He also called on the Federal Government and FCT Administration to create a more enabling and predictable business environment, noting that Abuja has evolved into a major commercial and investment hub requiring stronger infrastructure and regulatory support.
He reaffirmed ACCI’s commitment to constructive engagement with government to promote ease of doing business and inclusive economic growth, while extending New Year greetings to Nigerians, particularly members of the business community in the Federal Capital Territory.
“On behalf of the Executive Council and members of ACCI, we wish Nigerians a prosperous and productive New Year marked by growth, innovation, and inclusive economic progress,” Obegolu said.
