Business

LCCI calls for enhanced telecom investment to achieve $1trn economy

DailyTimesNGR DailyTimesNGR 28 January 2025 0

BY MOTOLANI OSENI The Lagos Chamber of Commerce & Industry (LCCI) said, in a quest for a one trillion-dollar economy, the nation needs more investments in critical infrastructure to drive the much-needed digital revolution for growth and development. The director-general of LCCI, Dr.

Money

LCCI advocates stronger Nigeria-Taiwan-Africa business partnerships

DailyTimesNGR DailyTimesNGR 14 November 2024 0

BY TEMITOPE ADEBAYO President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa has emphasised the need for enhanced business collaborations between Taiwan, Nigeria, and other African nations to shape the future of trade and development. Speaking at the 2024 Taiwan-Africa Business Forum in Taiwan, Idahosa, represented by the chairperson of LCCI’s

Commerce and Industry

LCCI advises FG on strategies for revenue growth

Ihesiulo Grace 13 April 2023 0

By Joy Obakeye Director-General, Lagos Chamber of Commerce & Industry (LCCI), Dr Chinyere Almona, has urged the federal government look towards real estate, and infrastructure to reduce its debt commitments and improve further its fiscal situation to curtail the alarming rise in the debt portfolio. She said LCCI was feared by the continuing growth in […]

Commerce and Industry

Deploy monetary, fiscal policies to tame inflation, LCCI urges FG

Ihesiulo Grace 22 February 2023 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to deploy monetary and fiscal policies to tame inflation. The Chamber reacting to a report by the National Bureau of Statistics (NBS), that the January 2023 headline inflation inched up by 0.47 per cent to 21.83 per cent after […]

Commerce and Industry

LCCI urges FG to boost manufacturers input to drive industrialisation

Ihesiulo Grace 12 January 2023 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry (LCCI) has said the Federal Government needs to sustain its targeted interventions in selected critical sectors like agriculture, manufacturing, export infrastructure, and security. This was disclosed by the President of LCCI, Dr Michael Olawale-Cole, at the LCCI state of the economy quarterly news conference

Business

Establish special economic zones for agro-processing activities, LCCI urges FG

Ihesiulo Grace 6 January 2023 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry(LCCI) has urged the federal government to scale up plans of establishing special economic zones where agro-processing activities are supported to produce finished food products for its markets and for export. The chamber made this known in its New Year statement on the Economy 2023. The […]

Business

Nigeria’s N67.7trn debt to frustrate economic growth In 2023-OPS

Ihesiulo Grace 4 January 2023 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry (LCCI) has expressed worries over the implications of Nigeria’s debt burden and feared that this may cripple efforts to really transform the economy. The chamber, while reviewing the 2022 economy with a projection in 2023, reported that, with the approved plan of the federal government […]

Business

Formulate medium-term growth plan to boost local production, LCCI urges FG

Ihesiulo Grace 4 December 2022 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry (LCCI) has said fiscal and monetary authorities should develop a medium-term growth plan hinged on boosting local production, supporting ease of doing business and attracting private investment. The LCCI President Dr Michael Olawale-Cole disclosed this at the LCCI 134th Annual General Meeting (AGM) in Lagos. […]

News

2023: N20.51trn budget reflects huge needs in critical sectors of Nigeria’s economy- LCCI

Ihesiulo Grace 10 October 2022 0

By Joy Obakeye Following Nigeria’s record N20.5 trillion or $47.3 billion proposed budget to run the economy in 2023, the Lagos Chamber of Commerce and Industry (LCCI), on Sunday said the total sum reflects the huge needs that exist in critical sectors of the economy. President Muhammadu Buhari had on Friday presented a proposed 2023 […]

Headlines

How to cushion Nigeria’s rising debt portfolio, by LCCI

Ihesiulo Grace 9 August 2022 0

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to adopt measures to increase the country’s revenue and borrow from cheaper sources to cushion Nigeria’s debt portfolio. Dr Michael Olawale-Cole, President, LCCI, gave the advice in a statement on Monday in Lagos. Olawale-Cole said the advice had become necessary because […]

Business

Find ways to increase domestic manufacturing, LCCI charges FG

Ihesiulo Grace 11 July 2022 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry (LCCI) has charged Federal Government to find ways to increase domestic manufacturing to resolve the ongoing supply chain issue that resulted from the Russia-Ukraine war. This was said by the chamber’s president, Asiwaju Michael Olawale-Cole, during his remarks at the Lagos-based LCCI quarterly state of […]

Business

LCCI urges CBN to review third party procurement policy

Ihesiulo Grace 31 August 2020 0

The Lagos Chamber of Commerce and Industry (LCCI) has called on Central Bank of Nigeria (CBN) to revisit its new policy on import payments to save Nigeria’s already ailing and struggling economy from complete collapse. A statement released on Sunday by LCCI’s Director-General, Dr. Muda Yusuf, said that while the LCCI appreciated CBN’s attempts to

Business

Remain calm at a time of crisis, LCCI president admonishes SMEs

Ihesiulo Grace 9 July 2020 0

Leaders of Small and Medium Enterprises (SMEs) have been asked to remain calm at a time of crisis; saying, the capacity to handle stress and remain calm during the time of COVID-19 will engender hope within their workforce. The President of Lagos Chamber of Commerce and Industry (LCCI), Mrs Toki Mabogunje explained that the move […]

Business

Private sector involvement in operation of refineries laudable, says LCCI

Ihesiulo Grace 21 April 2020 0

The Lagos Chamber of Commerce and Industry, (LCCI) has commended the Nigerian National Petroleum Corporation (NNPC) for planning to involve the private sector in the operation of the country’s moribund refineries in the future  This according to the Director-General of LCCI, Dr Muda Yusuf, in a statement, “is another laudable initiative which will

Business

LCCI tasks NNPC on legal backing for reforms in petroleum downstream sector

Ihesiulo Grace 20 April 2020 0

Lagos Chamber of Commerce and Industry (LCCI) has tasked the Nigerian National Petroleum Corporation (NNPC) on legal backing to consummate its process of reforming the petroleum downstream sector through an appropriate legislative framework. In a statement signed by its Director-General Dr Muda Yusuf it said that with legal backing, the reform would not be like […]

News

LCCI boss calls for urgent containment of COVID-19 pandemic

Ihesiulo Grace 30 March 2020 0

Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to urgently contain Covid-19 due to its catastrophic effect to the nation’s economy. The national President of LCCI,  Mrs Toki Mabogunje,  in a statement, she observed that the impact of the virus has national and global implications. Globally, she said it has caused

Business

Impact of Coronavirus on Nigeria economy systemic, says LCCI

Ihesiulo Grace 17 March 2020 0

The Lagos Chamber of Commerce and Industry, LCCI, has said that the outbreak of the Coronavirus disease will affect Nigeria’s economy, adding that the impact may be systemic and far-reaching. The Director-General of LCCI, Dr Muda Yusuf, who expressed the view said stated: “Oil price benchmark for 2020 budget was $57 per barrel.  Norway launches $10bn crisis […]

Business

Upward review of CRR may dim prospects in rising job creation – LCCI

Ihesiulo Grace 28 January 2020 0

Lagos – The Lagos Chamber of Commerce and Industry (LCCI) says the upward review of the Cash Reserve Requirement [CRR] from 22.5 per cent to 27.5 per cent will lead to a reversal of the current downward trend in interest rate. Its Director- General,  Mr Muda Yusuf said this in a statement issued to newsmen […]

Politics

LCCI reacts as Buhari assents to finance bill

Ihesiulo Grace 13 January 2020 0

Lagos – The Lagos Chamber of Commerce and Industry (LCCI) has commended the federal government on some of the expected positive impacts of the finance bill signed into law by President Muhammadu Buhari. Its Director-General,Mr Muda Yusuf made the commendation in a statement made available to newsmen on Monday in Lagos. The President Muhammadu Buhari […]

Business

We expect economic growth, says LCCI in outlook for 2020

Ihesiulo Grace 27 December 2019 0

Lagos – The Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020. Its Director-General, Dr Muda Yusuf, made the projection in the LCCI 2019 Economic Review and Outlook For 2020 made available to newsmen on Thursday in Lagos. He attributed the projected high cost to poor infrastructure, […]