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SECOND QUARTER 2021 GROSS DOMESTIC PRODUCT (GDP) REPORT
The National Bureau of Statistics has released the national accounts for Q2 2021 showing that GDP grew by 5.0% y/y compared with 0.5% recorded in Q1 2021. This is a strong and a more desirable growth when we look at the non-oil growth of 6.7 percent y/y compared with the 0.79 percent in Q1. This…

LCCI Holds Annual Security Meets Business Dialogue
The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and one of the leading voices in the organised private sector (OPS) in Nigeria has concluded plans to host its annual Security Meets Business Dialogue. As part of its public-sector engagement programs, the Lagos Chamber of Commerce and Industry initiated the “Security meets…
Lcci Elects Ruwase As President
The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, has elected Mr. Babatunde Paul Ruwase as President for the next two years. This followed the expiration of Dr. Mrs. Nike Akande’s tenure, having meritoriously served the Chamber in the…

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…
Special Press Briefing On The Agenda For The New Government By The President of LCCI, Mr. Babatunde Paul Ruwase, FCA held on 5th March 2019
INTRODUCTION I welcome you all to this special press briefing which is to set an agenda for the administration of President Muhammed Buhari, GCFR in his second term. The past few months have been characterized by uncertainty which had affected investors confidence and caused a deceleration in the tempo of economic activities. Investors were worried…

LCCI COMMENTS ON THE LABOUR STRIKE
The LCCI notes with concern the proposal by the Nigeria Labour Congress [NLC] and the Trade Union Congress [TUC] to proceed on strike from Monday 28th September 2020. The LCCI appreciates the perspective of the labour unions with regards to the pains and hardship that the recent price hikes in petrol and electricity will inflict…