The Lagos Chamber of Commerce and Industry (LCCI) has directed the administration of President Bola Tinubu to prioritize matters of immediate and essential relevance to the business climate and the broader economy.
Dr. Chinyere Almona, Director-General of the LCCI, stated in a statement that the unstable business climate was caused by incorrect and poorly implemented regulations.
While requesting a review, she stated that it includes fiscal policy gaps, ineffective monetary policies, and administrative inefficiencies that are detrimental to the economy’s normal functioning.
“Areas of grave concern include arbitrage-urging non-unified exchange rates, market shocks, massive infrastructure deficits, and an unsustainable debt burden,” she warned. The LCCI president urged the government to continue its interventions in key areas such as agriculture, manufacturing, and exports.