Tag: LCCI
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LCCI releases economic outlook for 2020
The Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020. Its Director-General, Dr Muda Yusuf, made the projection in the LCCI 2019 Economic Review and Outlook For 2020 made available to newsmen on Thursday in Lagos. He attributed the projected high cost to poor infrastructure, multiplicity of…
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LCCI condemns clamp down on auto dealers
The Lagos Chamber of Commerce & industry (LCCI) has berated the Nigerian Customs Service (NCS) for clamping down on auto shops nationwide. In a statement signed by LCCI Director General, Muda Yusuf, the group regretted the intimidating manner the shops, which is a vital segment of the economy, were closed for three weeks. He said…
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LCCI faults ‘short notice’ of CBN’s cashless policy, demands more time, enlightenment
The Lagos Chamber of Commerce and Industry (LCCI) has asked for more time for the implementation of the cashless policy. In a statement, its Director- General, Muda Yusuf said the latest Central Bank of Nigeria’s (CBN) circular should have given a much longer notice to economic players, including enlightenment. He said the effective date is…
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Passage of CAMA by Senate A Lifeline To Small Businesses, Says LCCI boss
President of the Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Paul Ruwase has lauded the passage of the Companies and Allied Matters (CAMA) Act amendment Bill by the Senate, and said the development will greatly boost and increase the viability of small businesses in the country. Ruwase gave the commendation when he led…
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Lagos Land Use Charge against democratic ideals – LCCI
Sanctions to defaulters under the Reviewed Land Use Charge Law of Lagos are too severe and not in tandem with democratic ideals. The President of Lagos Chamber of Commerce and Industry, Mr. Babatunde Ruwase, made the observation in Lagos on Friday during a stakeholders’ forum on Lagos Land Use Charge Law, 2018. He said that…
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Nigeria’s economy dying from multiple taxation, infrastructure deficit – LCCI
The Director of Research and Advocacy of the Lagos Chamber of Commerce and Industry (LCCI), Dr Vincent Nwani, stated on Wednesday that multiple taxation and infrastructure deficits were harming the nation’s economy. Nwani, an economist, made the observation in a paper entitled: “Regulations Undoing Diversification of the Economy” at the Breakfast Policy Dialogue, organised by…
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Nigeria will lose N150bn daily should PENGASSAN, NUPENG embark on proposed strike – LCCI tells FG
The Lagos Chamber of Commerce and Industry (LCCI), has warned that the economy would lose an estimated N150 billion daily, if the proposed strike by PENGASSAN and NUPENG is not averted. The Director-General of LCCI, Mr Muda Yusuf, disclosed this in an interview with newsmen on Monday in Lagos. Yusuf said that it would not…
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May 29: Expert advocates total deregulation of downstream sector
Mr Muda Yusuf, the Director General, Lagos Chamber of Commerce and Industry (LCCI), has called for total deregulation of the downstream sector to boost effective service delivery in the oil and gas industry. Yusuf made the call at the News Agency of Nigeria Forum in Lagos on Sunday while assessing President Muhammadu Buhari’s two-year administration.…
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BoI, LCCI partner on MSMEs development
The Bank of Industry (BoI) has reaffirmed its commitment to the development of the Micro, Small and Medium Enterprises (MSMEs) sector in enhancing sustainable economic growth. The acting Managing Director of BoI, Mr Waheed Olagunju, said in Lagos on Tuesday during a MSMEs forum that significant attention should be given to MSMEs to enhance their…