ADDRESS ON THE STATE OF THE ECONOMY BY THE LCCI PRESIDENT, ASIWAJU (DR.) MICHAEL OLAWALE-COLE, CON

ADDRESS ON THE STATE OF THE ECONOMY BY THE LCCI PRESIDENT, ASIWAJU (DR.) MICHAEL OLAWALE-COLE, CON

ADDRESS ON THE STATE OF THE ECONOMY BY THE PRESIDENT OF THE LAGOS CHAMBER OF COMMERCE AND INDUSTRY, ASIWAJU (DR.) MICHAEL OLAWALE-COLE, CON, HELD ON TUESDAY, 10TH JANUARY 2023, AT THE COMMERCE HOUSE, VICTORIA ISLAND, LAGOS THE DEPUTY PRESIDENT, LCCIMR. GABRIEL IDAHOSA, FCA VICE PRESIDENTS HERE PRESENT THE HONORARY TREASURER AND DEPUTY TREASURER DIRECTOR GENERAL,…

THE LCCI NEW YEAR STATEMENT ON THE ECONOMY 2023.

THE LCCI NEW YEAR STATEMENT ON THE ECONOMY 2023.

Introduction The Lagos Chamber, in fulfilling its role as an economic thinktank and an advocacy body reviews the economy at regular intervals through various events, platforms, and on various private sector issues. The Chamber, in 2022, considered various issues as they emerged looking at how these issues affected the business community and made very useful…

LCCI Statement on the Supplementary 2022 FGN Budget

LCCI Statement on the Supplementary 2022 FGN Budget

With few days to the end of 2022, the Federal Government plans to add ₦819.5 billion supplementary budget for critical infrastructure projects, to be financed from domestic borrowing sources, to the ₦20.5 trillion initially proposed by the President to bring the total budget to ₦21.32 trillion. The unprecedented damage inflicted on some of our infrastructures due…

LCCI Statement on Downgrades of Nigeria’s Sovereign Risk Profile

LCCI Statement on Downgrades of Nigeria’s Sovereign Risk Profile

The Lagos Chamber is gravely concerned about the recent downgrades of Nigeria’s Sovereign Risk profile by three leading global default risk rating agencies. Fitch downgraded Nigeria’s long-term foreign currency debt Issuer Default Rating (IDR) from ‘B’ to ‘B-, few notches above a junk status, following Moody’s lead in downgrading Nigeria’s risk outlook, and Standard and…

LCCI STATEMENT ON THE ACQUISITION OF DANGOTE CEMENT FACTORY, OBAJANA

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…

Independence Day Message From The DG

Independence Day Message From The DG

The Lagos Chamber of Commerce and Industry (LCCI) rejoices with our Members, Partners, the Diplomatic Community, the Government, and the entire Organized Private Sector on this day of Nigeria’s 62nd independence celebration. We must never forget the sacrifices our National Heroes made for our Country’s freedom. LCCI is passionately committed and will continue to uphold…

LCCI STATEMENT ON NIGERIA’S ECONOMIC GROWTH PERFORMANCE

LCCI STATEMENT ON NIGERIA’S ECONOMIC GROWTH PERFORMANCE

The Nigerian economy has recorded impressive recovery from the recession induced by the COVID-19 pandemic in 2020. The economy has consistently recorded growth rates breaking many analysts’ predictions of expected lower growth rates. However, the economy has continued to struggle with many inhibiting burdens like inflation, weak revenue generation, degenerated infrastructure, forex challenges, unsustainable cost…