FOSSCCIMA, FG and States to partner in order to attract investments

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The Coalition of South-South Chamber of Commerce, Industry, Mines and Agriculture (FOSSCCIMA), weekend said it would create strategic partnerships with both the Federal and state governments to boost and attract fresh investments in the south-south region of the country.

President of FOSSCCIMA, Mr. Billy Harry, in a statement in Abuja, said the chamber will strive to create strategic partnership, sound coordination and cooperation in order to attract investment, actively encourage more companies to make investment in the region, engage our youths gainfully, and provide platform for continued dialogue towards reduced youth restiveness.

He said, “We believe that the chains of poverty, environmental degradation, neglect, economic abuse, injustice and absence of visible economic investment in the South-South needs to be severed and not just symbolically but radically through investment in infrastructure, improved youth empowerment and engagement, sustained growth of SMEs and new opportunities.”

He added that FOSSCCIMA will continue to work and advocate on behalf of businesses whether large or small within the region and across the whole country to foster economic development and interact with both the legislative and executive arms of government at all levels towards instituting a good and enabling environment for business to grow.

Harry explained that the ultimate vision of the Chamber was to provide a credible and profitable platform that ensures that businesses in the South-South adhere to sound business ethics while adopting global best practices to enable them operate competitively and profitably in all markets.

To this end, Mr Lucky Akhiwu,Chairman, Marketing, Media And Publicity of FOSSCCIMA disclosed that the chamber is planning the first south-south international trade fair which is billed to come up from the 10th-30th April 2016 at the Isaac Boro park in Port Harcourt.

He explained that the trade fair is multi-sectoral and would provide an ideal and perfect business matchmaking platform for manufacturers, importers, service providers, traders, investors and visitors to meet and discuss business opportunities.

He added that it would showcase products from the manufacturing industries, ranging from food and beverages, garments, textiles and fashion accessories, footwear, gifts and decorative items, toys, health and beauty products, household and kitchenware, jewelry and stationery, industrial equipment, electronics, communication equipment and accessories to banking and financial products, insurance.

He said “Despite growing concerns about the rapid decline in our foreign exchange earnings occasioned by the global fall in oil prices and its multiplier effects on economic development in the South-South region in particular and the country in general, we have received a high level of interest from the business community towards the forthcoming Trade fair is surprising but encouraging too.

“We are expecting over 500 companies from across the country and the West African sub-region especially those with existing businesses and business interests in the region as well as others wishing to tap and leverage her huge market opportunities and potentials.”

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