The advice of the LCCI followed the current measures to wage a war against inflation in the country.
Chairman of the Forum and Kwara State Governor, Abdul|Rahman AbdulRazaq, made this known in a statement.
Recently, the National Bureau of Statistics announced the rise of inflation to 27.33 percent in October.
Lagos Chamber of Commerce and Industry LCCI has urged the government to focus its efforts on boosting supply rather than a decline in demand.
The National Bureau of Statistics says Nigeria’s headline inflation rate increased to 26.72 percent in September 2023.
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has advised President Tinubu to think deeply about the proposed N35,000 addition to wages of federal government workers.
The House of Representatives ad hoc committee investigating alleged slow pace of Ijebu-Igbo-Ibadan Road project and inflation of the contract sum from N9.8 billion to N54 billion, has visited the project site.
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 25.80 per cent in August 2023.
The Lagos Chamber of Commerce and Industry (LCCI) has recommended that the government should adopt more prudent fiscal policy measures to effectively manage inflation and address the issue of high-interest rate and exchange rate volatility.
LCCI stated this in a press statement signed Wednesday, by its Director-General, Dr Chinyere Almona.
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 per cent in July 2023.
Nigeria’s inflation rate has jerked up for the sixth consecutive time to 22.79 per cent. The development was as of…
The Lagos Chamber of Commerce and Industry (LCCI) has recommended a pause in interest rate hikes to relieve the pressures on economic agents.
This is according to the NBS Consumer Price Index and Inflation Report for May 2023 released in Abuja on Thursday.
They made the in separate interviews with the News Agency of Nigeria (NAN) Friday in Lagos.
Recall that the committee had increased the MPR by a total of 250 basis points at its last two meetings.
The National Bureau of Statistics disclosed this in its Consumer Price Index June 2022 report.
According to a report released by the NBS in March 2022, the Consumer Price Index, which measures inflation, increased to 15.92 per cent on year-on-year.
It stated that the Federal Government did not make any concerted effort in 2021 towards curbing the rising inflation.
This was disclosed at the presentation of Nigeria’s Development Report for the first six months of 2021 by the World Bank in Abuja