Dele Oye, President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), has criticized President Bola Tinubu’s economic policies, citing their negative impact on the private sector and the broader economy. Speaking during an interview with Arise News, Oye highlighted Nigeria’s shrinking GDP and declining economic standing in Africa, attributing these issues to ineffective domestic policies.
Oye expressed concerns over the 2025 budget, which he described as a continuation of the previous year’s ineffective strategies. He urged the government to reduce deficit financing, collaborate with the private sector, and cut down on governance costs. He also emphasized the need for tax reforms that prioritize competitiveness and business growth instead of overburdening the private sector.
The NACCIMA leader called on the government to foster a more business-friendly environment, reduce borrowing, and avoid over-reliance on taxation. He stressed the importance of including private sector input in policy formulation to enhance economic recovery and growth, urging the President to focus on actionable reforms rather than praise from sycophants.