The Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s leading private sector advocacy groups, has set some key fiscal and other policy measures for the Federal Government to adopt in its current efforts to keep the nation’s economy on the path of sustainable growth this year. The group, in its ‘New Year Statement […]
The Lagos Chamber of Commerce and Industry (LCCI) expressed serious concern about the recent downgrades of Nigeria’s Sovereign Risk profile by three leading global default risk rating agencies and charged the Federal Government to immediately adopt strong policy measures to reverse Nigeria’s sliding ratings. The Chamber recalled that Fitch downgraded Nigeria’s long-term foreign currency debt […]
The Lagos Chamber of Commerce and Industry (LCCI) has charged the Federal Government on the need to attract more investments in export infrastructure and other critical areas to sustain the nation’s balance of merchandise trade surplus in the years ahead. The President of the organized private sector (OPS) group, Dr. Michael Olawale-Cole, gave the charge […]
The Lagos Chamber of Commerce and Industry (LCCI) has flawed Federal Government’s plans to finance the N10.78 trillion deficit estimates in the 2023 proposed budget through new commercial loans and drawdown on bilateral and multilateral loans. The Chamber, in a statement issued on Sunday and signed by its Director-General, Dr. Chinyere Almona, described the fiscal […]
The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, on Tuesday said that one of priorities if elected Nigeria’s next President would be to build a stronger partnership with the private sector in order to improve the nation’s economic growth. Abubakar, who made this remark at the Lagos Chamber of Commerce and […]
The Lagos Chamber of Commerce and Industry (LCCI) has hinted of its arrangement to engage the 2023 presidential candidates of the All Progressives Congress (APC), Peoples Democratic Party )PDP) and Labour Party (LP) in a parley on their economic plans for the country. The candidates are Alhaji Bola Tinubu (APC), Alhaji Atiku Abubakar (PDP) and […]
The Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s organized private sector (OPS) advocacy groups, has urged the Federal Government to collaborate with the Central Bank of Nigeria (CBN) and the Nigerian Petroleum Company Limited (NNPCL) and approve a special foreign exchange regime to ease importation of aviation fuel (Jet A1) in order […]
The Lagos Chamber of Commerce and Industry (LCCI), Nigeria’s leading organized private sector (OPS) group, has flawed the recent hike in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) from 11.5% to 13%, saying the upward review will further worsen the burdens of manufacturers and other investors in the economy. The […]
The Lagos Chamber of Commerce and Industry (LCCI), Nigeria’s leading organized private sector (OPS) group, has advised the federal and state governments on the need to adopt proactive measures to avert food, oil and gas, and other associated crisis in the domestic economy as the ongoing Russia-Ukraine war continues to disrupt the global economic system. […]
As the surging wave of the new Omicron variant of the COVID-19 pandemic continues to create new anxieties across geo-political zones globally, the Lagos Chamber of Commerce and Industry (LCCI) has canvassed the adoption of a multi pronged approach by the government to further strengthen Nigeria’s response to the pandemic, especially in view of the […]