LCCI STATEMENT ON THE INAUGURATION OF DANGOTE REFINERY

LCCI STATEMENT ON THE INAUGURATION OF DANGOTE REFINERY

With a few days to the inauguration of Dangote Refinery, the Lagos Chamber of Commerce and Industry wishes to commend the efforts of its visioner, Alhaji Aliko Dangote, and the supportive Federal Government. Expected to be Africa’s biggest oil refinery and the world’s single-trained facility, the Dangote Refinery has a capacity of 650,000 barrels per…

LCCI STATEMENT ON THE DELAYED PETROL SUBSIDY REMOVAL

LCCI STATEMENT ON THE DELAYED PETROL SUBSIDY REMOVAL

The Lagos Chamber of Commerce and Industry (LCCI) has taken note of the Federal Government’s decision to delay the petrol subsidy removal. This was communicated by the National Economic Council (NEC), stating that the timing of the removal should not be now given the stretching economic uncertainties facing both the business and the household sectors….

Quarterly Press Briefing – 2023 Q2 ADDRESS ON THE STATE OF THE ECONOMY BY THE PRESIDENT OF THE LCCI

Quarterly Press Briefing – 2023 Q2 ADDRESS ON THE STATE OF THE ECONOMY BY THE PRESIDENT OF THE LCCI

ADDRESS ON THE STATE OF THE ECONOMY FOR THE FIRST QUARTER 2023 BY THE PRESIDENT THE LAGOS CHAMBER OF COMMERCE AND INDUSTRY, ASIWAJU (DR.) MICHAEL OLAWALE-COLE, CON AT THE COMMERCE HOUSE VICTORIA ISLAND, LAGOS. THE DEPUTY PRESIDENT, LCCI MR. GABRIEL IDAHOSA, FCA PAST PRESIDENT, LCCI CHIEF (MRS.) NIKE AKANDE, CON VICE PRESIDENTS HERE PRESENT DISTINGUISHED GENTLEMEN…

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 2023 FGN Budget

LCCI Statement on the Supplementary 2023 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…