News
COSSCCIMA vows to champions regional job creation, economic dev. in South-South
Coalition of South-South Chambers of Commerce, Industry, Mines, and Agriculture (COSSCCIMA) has restated its commitment to fostering inclusive economic growth and employment opportunities across the South-South geopolitical zone. COSSCCIMA disclosed this at the South-South Job Creation and Economic Review Summit in Port Harcourt.
President of the coalition, Hon. Indutimi Komonibo, called for stronger synergy between government, private enterprise, and regional stakeholders to unlock the full potential of the region’s economic assets, stressing that while government interventions are essential, they are not sufficient to address the scale of unemployment. He said: “Government appointments cannot produce financially independent citizens at scale,” he said. “We need entrepreneurs and investors to step up and build ecosystems that empower others.” Komonibo noted that one of the most promising development, is the Federal Government’s introduction of the Helicopter Landing Levy, which he described as a “game-changer” for regional economic stimulation.
He said “beyond its regulatory function, the levy is expected to create direct and indirect jobs in aviation logistics, air traffic control, and helipad operations, Generate employment through infrastructure upgrades, including radar systems, communication networks, and navigational services and Support youth training and deployment in airspace monitoring and aviation safety roles, especially in collaboration with oil companies operating offshore. Komonibo stressed that the levy would not only enhance safety and efficiency in offshore operations but also serve as a catalyst for community development and youth empowerment, hailing President Bola Tinubu for backing forward-thinking policies and urged swift implementation of the initiative to maximize its impact. However, the Chairman, Board of Trustee of COSSCCIMA, Billy Harry, stressed that one of the coalition’s key mandates is to continually seek economic opportunities within the South-South to empower youths and reduce the risk of social unrest and militancy.
Harry said “our mission is to create an environment where no youth from the South-South should remain jobless.” Similarly, One of the Members of the Coalition, Isaac Nwonwu, who also serves as the First Deputy President of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA), identified power generation as a critical area where COSSCCIMA can drive a regional economic project. He said that with better access to reliable electricity, small and medium enterprises (SMEs), manufacturers, and service providers in the region would flourish, leading to job creation and wealth generation. He suggested that the coalition could initiate dialogues with key stakeholders to explore independent power projects (IPPs) tailored to the region’s industrial needs.
-
Oil and Gas2 days agoDangote refinery drops PMS to ₦1,165/Litre, diesel to ₦1,570/litre
-
News2 days ago85m Nigerians still lack access to grid electricity—REA
-
News2 days agoRecapitalised insurers get NAICOM new licence certificates
-
Economy1 day agoAfrican free trade agency taps Nigerian firm for $3.1bn customs overhaul project
-
News1 day agoSpaceX insiders get their first chance to cash out — but the stock’s slide will limit their opportunity
-
Finance2 days agoCrown Takaful shares N100m to customers
-
Finance1 day agoNAICOM revokes Nigeria Reinsurance licence, freezes bank accounts
-
Finance1 day agoNigeria’s plan to tax crypto transactions could undermine adoption–operators
