The Lagos Chamber of Commerce & Industry (LCCI) has warned against the insatiable appetite of Nigeria for loans and it’s poor use of the facilities. Its Director-General, Dr Chinyere Almona in a statement raised concerns about the efficiency of fund allocation and utilization, given that only 16 per cent of previously approved World Bank loans…
Stakeholders in the nation’s economy have advised the Nigerian Customs Service (NCS) not implement four per cent Freight on Customs System (FCS) fee it announced on February 5 this year. Rather, they urged the NCS to engage in wider consultation. Yesterday, the Lagos Chamber of Commerce and Industry (LCCI) called on the NCS to suspend…
President Bola Tinubu’s economic reforms, if sustained, have the potential to pull through critical deliverables for the economy to return to a growth path, the Lagos Chamber of Commerce and Industry (LCCI) has said. The group added that the country would witness more impact of the reforms on fundamental indicators such as inflation, interest rates…
A trade group, the Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to always engage with players in the various sectors of the economy in formulating policies that will support the country’s industrialisation drive. Speaking at the inaugural industrial symposium of the LCCI held in Lagos, with the theme ‘Industries as…
AFRICA’s richest oil giant, Nigeria, has suffered some 105 power grid collapses over the last 10 years with no solution to end the recurring decimal in sight, according to industry body, the Lagos Chamber of Commerce and Industry (LCCI). After a series of reforms in the power sector that led to the sale of the…
With growth slowed to 1.28 per cent in second quarter (Q2) from 1.49 per cent in the Q1 to 2.20 per cent in the corresponding quarter of 2023, Nigeria’s manufacturing sector remains too weak to make any significant impact in the economy, the Lagos Chamber of Commerce and Industry (LCCI), has said. Its President, Gabriel…
The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry and economists on Wednesday countered the claim made by the President, Major Gen. Muhammadu Buhari, that the economy under him is better than it was in 2015. The Chairman of the Gas Group, the Manufacturers Association of Nigeria, Mr Ola Adebayo, said Buhari’s…
