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LCCI STATEMENT ON TRANSPARENCY ON THE DOWNSTREAM SECTOR
The Lagos Chamber of Commerce and Industry views with concern incidents of speculation around the pricing of PMS and the opaqueness in the pricing mechanism of petroleum products in the downstream sector. The Chamber is also worried by the likely implications of the dominance of a monopoly supplier like the NNPC Limited on competition. The…
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…
LCCI STATEMENT ON THE PASSING OF FORMER PRESIDENT MUHAMMADU BUHARI, GCFR
The Lagos Chamber of Commerce and Industry (LCCI) extends its deepest condolences to the family of former President Muhammadu Buhari, the Government of the Federal Republic of Nigeria, and all Nigerians on his passing. As a statesman who led the country from 2015 to 2023, President Buhari leaves a legacy defined by a deep commitment…
COMMENTS ON MPC OUTCOME
LCCI COMMENTS ON THE MONETARY POLICY COMMITTEE OF THE CENTRAL BANK OF NIGERIA’S DECISIONS AT MARCH 2021 MEETING The Lagos Chamber of Commerce and Industry notes the decision of the Monetary Policy Committee of the Central Bank of Nigeria to retain policy parameters during its March 2021 meeting with Monetary Policy Rate [MPR] at 11.5%;…
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…
