LCCI 2019 Economic Review and Outlook for 2020
The global Gross Domestic Product (GDP) growth of 3% in 2019 was the lowest output growth in a single year since 2011 and below the 10 years (2001-2010) average of 3.9%…
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LCCI STATEMENT ON THE ACQUISITION OF DANGOTE CEMENT FACTORY, OBAJANA
The news of the attack on the Dangote Cement Plant located in Obajana, Kogi State, on Wednesday, 5th October 2022, is shocking and disappointing. This attack is a reflection of the poor handling of investment protection issues in our country. The Lagos Chamber of Commerce and Industry believes there are more decent ways to handle…
BALANCING RELIEF AND RESPONSIBILITY: THE $500M WORLD BANK LOAN & NIGERIA’S ECONOMIC FUTURE
The Lagos Chamber of Commerce and Industry (LCCI) acknowledges the recent approval of a $500 million loan by the World Bank to Nigeria under the Community Action for Resilience and Economic Stimulus Program. This development comes at a crucial time as the nation grapples with mounting economic challenges, including inflationary pressures, declining purchasing power, and…
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…
HONOURABLE MINISTER OF INDUSTRY, TRADE AND INVESTMENT VISITS LCCI, ADDRESSES CRITICAL TRADE AND INVESTMENT CHALLENGES
On 21 February 2025, the Lagos Chamber of Commerce & Industry (LCCI) hosted the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, on a courtesy visit to discuss opportunities and challenges around trade and investment in Nigeria. The engagement provided a platform for constructive dialogue on critical issues such as policy instability and…
TAX REFORMS FOR FINANCIAL RE-ENGINEERING AND FISCAL TRANSPARENCY
The Lagos Chamber of Commerce & Industry (LCCI) commends the Federal Government for enacting to law, four landmark tax reform bills today, the Nigeria Tax Bill (Ease of Doing Business), the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. These reforms, passed after extensive stakeholder consultations,…
