The Lagos Chamber of Commerce and Industry (LCCI) says Nigerian businesses may likely face greater challenges in the new year, asking them to prepare for 'more stress'.
The Lagos Chamber of Commerce and Industry says Nigerian businesses may likely face greater challenges in the new year, asking them to prepare for “more stress”.
“The persistent rise in the inflation rate, reaching a 28-year record high of 34.60 in November, continues to fuel a tense business environment as elevated prices constrain various business operations,” Almona said. Almona said interest rates have had limited success in curbing inflation, but reforms aimed at boosting production have shown some promise.
“The new investments recently entering the oil fields can be well supported with a sound regulatory environment to sustain and attract more,” she said.
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