BY TEMITOPE ADEBAYO The Lagos Chamber of Commerce and Industry (LCCI) has stated that, despite a decline in food inflation, the government must maintain its focus on boosting food production through ongoing policy reforms and prompt actions, especially following the declaration of a national emergency on food security. Nigeria’s inflation rate rose to 24.23 per […]
BY MOTOLANI OSENI The Lagos Chamber of Commerce & Industry (LCCI) said, government must not get comfortable with a rebased inflation figure and lose the fight against inflationary pressures. The director-general of LCCI, Dr. Chinyere Almona, stated this while reacting to the rebased inflation figure released during the week, stating that, the latest decision by […]
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. Chinyere Almona, who stated this in Lagos, while reacting to a hike […]
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 Creative […]
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 […]
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 […]
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 recently […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 curb […]
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 […]
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 ensure that these national assets are put […]
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 […]
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 turmoil […]
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 […]
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 […]