LCCI COMMENDS FG’S STANCE ON COST OF GOVERNANCE

LCCI COMMENDS FG’S STANCE ON COST OF GOVERNANCE

The Lagos Chamber of Commerce and Industry (LCCI) is pleased to acknowledge the recent actions taken by the Federal Government to cut the cost of governance in Nigeria. We particularly commend the government’s decision to reduce the number of public officials on foreign trips and the recent directive to suspend all public-funded foreign trips for…

 LCCI CONCERNS OVER THE RISING INFLATION

 LCCI CONCERNS OVER THE RISING INFLATION

The Lagos Chamber of Commerce and Industry (LCCI) is gravely concerned about the persistent rise in inflationary pressures in the Nigerian economy. Recent data released by NBS indicates a worrying trend, with the headline inflation rate reaching 31.70% in February 2024, marking a significant increase from the previous month’s rate of 29.90%. The seemingly ineffective…

LCCI COMMENDS FEDERAL GOVERNMENT’S SUSPENSION OF EXPATRIATE EMPLOYMENT LEVY

LCCI COMMENDS FEDERAL GOVERNMENT’S SUSPENSION OF EXPATRIATE EMPLOYMENT LEVY

The Lagos Chamber of Commerce and Industry (LCCI) commends the recent decision by the Federal Government of Nigeria to suspend the controversial Expatriate Employment Levy. This move demonstrates a proactive stance by the government in responding to the concerns of the business community and fostering a conducive environment for economic growth and development which the…

LCCI PERSPECTIVES ON NIGERIA’S EXPATRIATE EMPLOYMENT LEVY

LCCI PERSPECTIVES ON NIGERIA’S EXPATRIATE EMPLOYMENT LEVY

Lagos Chamber of Commerce and Industry (LCCI) acknowledges the recent introduction of the Expatriate Employment Levy (EEL) by the Federal Government. The policy aims to address wage gaps between expatriates and the Nigerian Labor force while encouraging skills transfer and the employment of qualified Nigerians in foreign-owned companies. LCCI recognizes the need for a balanced…