The Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to sustain its targeted interventions in selected critical sectors like agriculture, tackling insecurity, and freeing more money
The chamber gave charge on Tuesday in a statement signed by Chinyere Almona, director general, LCCI.
“The government needs to be more sensitive to the regulation of the ICT sector to promote growth and support private sector operations. LCCI, however, stated that the expected growth would only happen if the government would address current issues like rising inflation, scarcity of forex, high energy costs, high-interest rates, and logistics challenges due to insecurity in most parts of the country.
LCCI said in 2022, the Central Bank of Nigeria in response to the spiraling inflation rate, deployed a tightening monetary policy to stabilise prices.“This is expected to rise further during the monetary policy committee meeting in January to 17 percent to curb the persistent inflation and prevent capital flight,” it said.
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