PUBLIC DISCLAIMER

The latest decision by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to maintain the Monetary Policy Rate (MPR) at 27.50% is well appreciated and taken as the beginning of a better deal for the business community regarding the cost of credit. In recent months, the rising and high interest rates have…

The Lagos Chamber of Commerce and Industry (LCCI) has taken note of the Federal Government’s decision to delay the petrol subsidy removal. This was communicated by the National Economic Council (NEC), stating that the timing of the removal should not be now given the stretching economic uncertainties facing both the business and the household sectors….

The Chamber wishes to express some concerns about the latest increase in petrol pump prices across the states. We try to understand that the recent fuel price hikes could be government’s intention to fully deregulate the oil and gas sector and implement a complete fuel subsidy removal policy. However, the dynamics and controversies around these…