With just about nine days to the Central Bank of Nigeria (CBN) Monetary Policy Committee’s (MPC’s) next meeting, the Lagos Chamber of Commerce and Industry (LCCI) has advised the apex bank to suspend interest rate hikes, especially the Monetary Policy Rate (MPR), to reduce the pressures on the supply side affecting inflation and mitigate the […]
With just a few days to the inauguration of Dangote Refinery, the Lagos Chamber of Commerce and Industry (LCCI) on Wednesday commended the efforts of its visioner, Alhaji Aliko Dangote, and the Federal Government for translating the local crude oil refining dream into a reality. The leading organized private sector (OPS) group, in a statement […]
The Lagos Chamber of Commerce and Industry (LCCI) has expressed its concerns over Nigeria’s rising debt profile, warning of possible negative consequences if the fiscal challenge is not frontally addressed by the Federal Government. The Chamber’s Director-General, Dr. Chinyere Almona, pointed out one of the ways out of the fiscal problem required that the government […]
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 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 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 […]
Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s leading organized private sector (OPS) advocacy groups, on Tuesday set some key priorities for the Federal Government to concentrate on to achieve the objectives of its ongoing economic recovery agenda and by so doing, improve the socioeconomic well being of the citizenry. The OPS group, […]
Lagos Chamber of Commerce and Industry (LCCI) has canvassed the need for adjustment of the current revenue sharing formula at the sub-national levels to boost internally generated revenue (IGR) of the states and by so doing, facilitate broad-based grassroots development. The organized private sector (OPS) group in a statement issued by its Director General, Dr. […]
The Lagos Chamber of Commerce and Industry (LCCI), one of the leading Organised private Sector (OPS) groups championing the cause of broad-based growth of Nigeria’s economy, has set a five-point implementation agenda for the Federal Government on the just published Petroleum Industry Act 2021 to achieve the broad objectives of the law. The OPS group, […]