COSSCCIMA Reaffirms Commitment to Inclusive Economic Growth in South-South

Strategic Insights -

The Coalition of South-South Chambers of Commerce, Industry, Mines, and Agriculture (COSSCCIMA) has reiterated its dedication to promoting inclusive economic growth and employment opportunities in the South-South geopolitical zone. At the recently held 'South-South Job Creation and Economic Review Summit' in Port Harcourt, COSSCCIMA President Indutimi Komonibo called for a strengthened synergy between governments, private enterprises, and regional stakeholders to tap into the region's economic potential. Komonibo stressed that while government interventions were essential, they were insufficient to address the massive scale of unemployment, emphasizing the need for entrepreneurs and investors to create ecosystems that empower others.

Key Takeaways:

  • COSSCCIMA has served as a strategic advocacy platform since its founding in 2017, helping shape people-centered policies and a sustainable economic blueprint for the South-South.
  • Komonibo highlighted the Federal Government's introduction of the Helicopter Landing Levy as a 'game-changer' for regional economic stimulation, creating direct and indirect jobs in aviation logistics and supporting youth training and deployment in airspace monitoring and aviation safety roles.
  • The Helicopter Landing Levy is expected to enhance safety and efficiency in offshore operations and serve as a catalyst for community development and youth empowerment.
  • One of COSSCCIMA'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.
  • Billy Harry, BoT chairman of COSSCCIMA, emphasized that the coalition's mission is to create an environment where no youth from the South-South remains jobless.
  • COSSCCIMA can drive a regional economic project by focusing on power generation, with better access to reliable electricity leading to job creation and wealth generation for small and medium enterprises (SMEs).
  • The coalition is exploring independent power projects (IPPs) tailored to the region's industrial needs, with long-term benefits for economic growth.

Statistics:

  • COSSCCIMA was founded in 2017.
  • The Helicopter Landing Levy is expected to create direct and indirect jobs in aviation logistics and related fields.
  • The levy will support youth training and deployment in airspace monitoring and aviation safety roles.
  • COSSCCIMA aims to reduce the risk of social unrest and militancy in the South-South region.

Sources:

  • No published sources were provided in the original article text.