The Lagos Chamber of Commerce and Industry (LCCI) commends President Bola Ahmed Tinubu on the inaugural Meeting of the Federal Executive Council (FEC) and its outcomes. The Chamber notes the President’s eight-point agenda: food security, ending poverty, economic growth, and job creation. Others are improving access to capital, particularly consumer credit, inclusivity in all its…
The 2023 Mid-Year Economic Review and Outlook was jointly organized by the Lagos Chamber of Commerce and Industry (LCCI) and Cordros Capital to point out opportunities for business growth and sustainability in Nigeria and the global market. In his opening remarks, LCCI President, Asiwaju, Dr. Michael Olawale-Cole, indicated that the half-yearly event reviewed vital…
Nigeria’s headline inflation rate accelerated for the seventh consecutive month to 24.08 percent in July 2023 from 21.82 percent in January, according to the latest inflation figures released by the National Bureau of Statistics (NBS). The rate is the highest since September 2005. It increased by 1.29 percentage points when compared to the previous month,…
The Lagos Chamber of Commerce and Industry is particularly concerned by the call to arm by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) via ‘peaceful’ protests. The Chamber is reasonably worried the ‘peaceful’ protests being experienced as a result of the fuel subsidy removal may be taken advantage of by hoodlums and…
The Lagos Chamber of Commerce and Industry (LCCI) wishes to commend President Bola Tinubu on his second State of the Nation address as the country grapples with the short-term economic hardship resulting from subsidy removal and exchange rate harmonization. The President’s address showed leadership, responsibility, and accountability, and he demonstrated empathy as he unveiled a…
