LCCI Comments on the Outcome of the CBN Monetary Policy Committee Meeting

LCCI Comments on the Outcome of the CBN Monetary Policy Committee Meeting

The Lagos Chamber of Commerce (LCCI) notes the outcome of the Central Bank of Nigeria [CBN] Monetary Policy Committee (MPC) meeting of Friday, January 24, 2020. The Chamber welcomes and aligns itself with the concerns expressed by the MPC on the following: Rising debt profile and the associated sustainability concerns. The use of Debt-to-GDP ratio…

Nigeria’s plans to drive non-oil growth to be analysed in forthcoming report Lagos Chamber of Commerce and Industry signs MoU with Oxford Business Group

Lagos, October 2019: The Lagos Chamber of Commerce and Industry (LCCI) has signed a memorandum of understanding with OBG for its forthcoming publication. Under the agreement, the LCCI will help to produce The Report: Nigeria 2020 and other content that will be made available across the Group’s platforms.   A new report by the global…

THE NIGERIAN ECONOMY AT 59

Over the last 59 years the Nigerian economy has transformed from a basically agrarian economy to an economy driven largely by resources from the oil and gas sector. The 2019 first quarter GDP data shows that the non-oil sector accounts for 90.9% of the GDP while the oil sector accounts for 9.1%. The paradox is…

LCCI COMMENDS SETTING UP OF THE ECONOMIC ADVISORY COUNCIL (LCCI)

The Lagos chamber of Commerce and Industry (LCCI) commends the setting up of the Economic Advisory Council by President Muhammadu Buhari, GCFR. This is a welcome development which will help to give the desired direction to the nation’s economic management. The stature, pedigree and the independence of the members of the council are clearly not…