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INTRODUCTION I welcome you all to this special press briefing which is to set an agenda for the administration of President Muhammed Buhari, GCFR in his second term. The past few months have been characterized by uncertainty which had affected investors confidence and caused a deceleration in the tempo of economic activities. Investors were worried…

LCCI STATEMENT ON 2023 FEDERAL GOVERNMENT BUDGET
The record 20.5 trillion Naira (or $47.3 billion) proposed expenditure by the Federal Government to run the economy in 2023 reflects the huge needs that exist in critical sectors of the economy. The proposed budget, which is 19% higher than the 2022 budget is expected to take effect from January 2023 to address economic growth,…

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The National Bureau of Statistics has released the national accounts for Q2 2021 showing that GDP grew by 5.0% y/y compared with 0.5% recorded in Q1 2021. This is a strong and a more desirable growth when we look at the non-oil growth of 6.7 percent y/y compared with the 0.79 percent in Q1. This…
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COVID-19 RESPONSE: LCCI DONATES FOOD AND MEDICAL SUPPLIES TO LAGOS STATE 5 April, 2020; Lagos, Nigeria: The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, has donated food and medical supplies to the Lagos State Government. The donation, according…

LCCI STATEMENT ON CAPITAL IMPORTATION INTO PRODUCTION/ MANUFACTURING IN THE FIRST HALF OF 2023
The National Bureau of Statistics (NBS) reported 88.16% increase in capital inflow into the manufacturing sector in the first half of 2023 at $861.16 million compared to $457.67 million in the first half of 2022. The Lagos Chamber of Commerce and Industry (LCCI) notes that the capital imported into the manufacturing sector in the first…