LCCI 2019 Economic Review and Outlook for 2020
The global Gross Domestic Product (GDP) growth of 3% in 2019 was the lowest output growth in a single year since 2011 and below the 10 years (2001-2010) average of 3.9%…
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LCCI STATEMENT ON OCTOBER 2023 INFLATION RATE
Nigeria’s inflation continues its upward trend, rising to 27.33% in October from 26.72% in the previous month as released by the National Bureau of Statistics (NBS). This represents 0.61% points increase, reflecting higher food & fuel prices and the consistent depreciation of the Naira. The annual consumer price inflation soared by 6.24% points when compared…
STATEMENT ON PRESIDENT BOLA AHMED TINUBU’S ADDRESS ON THE STATE OF THE NATION ON 31 JULY 2023, BY ASIWAJU (DR.) MICHAEL OLAWALE-COLE, CON, MFR, FNIM, CNIM, FIoD
The Lagos Chamber of Commerce and Industry (LCCI) wishes to commend President Bola Tinubu on his second State of the Nation address as the country grapples with the short-term economic hardship resulting from subsidy removal and exchange rate harmonization. The President’s address showed leadership, responsibility, and accountability, and he demonstrated empathy as he unveiled a…