Tag: LCCI

‘Nigeria’s security arrangement is not working’ – LCCI

Aminu Imam

The Lagos Chamber of Commerce and Industry, (LCCI), has canvassed for a change in the country’s security architecture, saying the current system is not working and has a grave impact on food inflation.  The LCCI President, Gabriel Idahosa, stated this during a television programme yesterday. Gunmen have targeted farmers mostly in the northern region of the country, kidnapping and killing many of them. This is also in addition to several security issues bedevilling Nigeria. The incidents, Idahosa said, are part of the reasons for food inflation in Nigeria and he…

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Again, Nigerian economy officially dips into recession

Aminu Imam

Recession may linger through Q4, 2020 – LCCI Despite recession, Nigeria’s economy fastest growing in Africa – UK envoy Nigeria entered a second recession in the third quarter of this year, for the first time in five years, according to figures released by the National Bureau of Statistics (NBS) yesterday.  The NBS, according to its third quarter (Q3) GDP report, said the country’s GDP in real terms declined by -3.62% year-on-year (YoY) in Q3, 2020, the second contraction in 2020, thereby marking a full-blown recession and second consecutive contraction from…

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