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 Holds Conference on Government’s Interventions
27 August, 2020; Lagos, Nigeria: The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice of the organised private sector (OPS) in Nigeria has concluded plans to host a virtual conference on Federal Government’s economic interventions and the way forward for the economy. The conference, according to LCCI,…
COMMENTS ON THE CENTRAL BANK POLICY ON MILK IMPORTATION
The commitment of the CBN to the backward integration agenda of the Federal Government is laudable. However, it is important that in seeking to achieve this objective, the sequencing and strategy must be right. The policy will do more harm than good, both to investors and the citizens. It would trigger avoidable disruptions and dislocations…
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 Kicks Against The Nigeria Postal Commission Bill 2018
The Lagos Chamber of Commerce and Industry [LCCI] wishes to express its deep reservations over the Nigeria Postal Commission Bill currently before the National Assembly. We submit that the bill is inimical to private sector investments in the Courier business; it is a negation of the Ease of Doing Business Agenda of the Federal Government…
LCCI SECURITY MEETS BUSINESS 2020 REMARKS
REMARKS OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION, MR. BOSS MUSTAPHA, AT THE 4TH EDITION OF SECURITY MEETS BUSINESS ORGANIZED BY THE LAGOS CHAMBER OF COMMERCE AND INDUSTRY AT COMMERCE HOUSE, VICTORIA ISLAND, LAGOS, TUESDAY, 25TH FEBRUARY, 2020 PROTOCOLS I thank you very much for inviting me to this auspicious…
FIRS Press Release
COMMENTS ON THE FREEZING OF BANK ACCOUNTS OF ALLEGED TAX DEFAULTERS BY FIRS The attention of the Lagos Chamber of Commerce and Industry [LCCI] has been drawn to the recent decision of the Federal Inland Revenue Service [FIRS] to appoint banks as collecting agents and subsequent freezing of the accounts of taxpayers considered to be…