The Lagos Chamber of Commerce and Industry, LCCI, yesterday called on the federal government to reduce the burden of excessive taxation on oil and gas investment in the country. The President of LCCI, Mr. Babatunde Ruwase made this call in a parley with pressmen on the agenda for the new government, adding that, there is […]
Read More The Lagos Chamber of Commerce and Industry (LCCI) has lamented the growing rate of unemployment in the country which rose to 20.9 million in the third quarter of 2018. According to the Chamber, the development was a reflection that growth in the economy was still weak, fragile and not inclusive. It, therefore, urged the federal […]
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The Lagos Chamber of Commerce and Industry, LCCI, Tuesday, said it is set to hold a graduation ceremony for 49 young entrepreneurs who have successfully participated and completed the 2018 edition of its annual Mentoring Programme. In a statement by the Director General, LCCI, Mr. Muda Yusuf, he said these young entrepreneurs will be unveiled […]
Read More The President, Lagos Chambers of Commerce and Industry (LCCI), Mr. Babatunde Ruwase, has said the Nigerian economy is in dire need of private investments. According to him, the country need investments to create jobs, diversify its economy and improve the welfare of the people. He noted that it was gratifying that government at all levels […]
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The Lagos Chamber of Commerce and Industry (LCCI) has described the proposed Dangote Oil Refining and Petrochemicals as a looming economic transformation of the downstream sector of the petroleum industry. Beyond that, the group said the economic benefits of the oil refinery, when completed would have a far -reaching positive effects on the lives of […]
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Muda Yusuf is the Director General of Lagos Chamber of Commerce and Industry (LCCI). He holds degrees in economics from the University of Ilorin and the University of Lagos. Passionate about private sector development and a strong private sector advocate, he has played active roles in public private partnerships on all levels of government. In […]
Read More The Lagos Chamber of Commerce & Industry (LCCI), Centre for International Private Enterprise (CIPE) and the Organised Private Sector (OPS), have said the economy is currently losing about ₦600 billion in customs revenue, $10 billion on non-oil export and about ₦2.5 trillion corporate earnings across sectors. LCCI President, Babatunde Paul Ruwase, who spoke at the […]
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The Lagos Chamber of Commerce and Industry has expressed concern over increase in population against declining Gross Domestic Product as shown in the report of the second quarter 2018. In its quarterly report, the National Bureau of Statistics had stated that the GDP growth in the second quarter was 1.5 per cent, compared to the […]
Read More The Lagos Chamber of Commerce and Industry (LCCI) on Thursday decried freezing of customers’ bank accounts based on “disputed tax assessments” by Federal Internal Revenue Service. The Director-General of LCCI, Mr Muda Yusuf, also described the new tax revenue recovery strategy adopted by FIRS as damaging to the economy. “The attention of LCCI has been […]
Read More Meanwhile, the Lagos Chamber of Commerce and Industry, LCCI, yesterday, called on the apex bank to prioritize achieving low interest rate over maintaining high monetary policy rate (MPR). While the former, according to the chamber would stimulate investment and enhance growth the latter is aimed at checkmating inflation. At a press conference on the state […]
Read More The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of import duty and Customs administration as part of the ongoing tax reform towards enhancing ease of doing business in the country. Mr Muda Yusuf, Director-General of LCCI, made the call in an interview, on Monday, in Lagos. According to him, the […]
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Although the National Assembly passed its amended version of 2018 Budget last week, there may still be no respite for Nigerians as the five- month delay in its passage and implementation may have done enough damage to dampen the horizon for the citizens, Daily Sun report. Coming on the heels of huge worries expressed by […]
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