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Tag: LCCI

Opinion

LCCI warns Nigeria may lose tech hub status to rivals

The Lagos Chamber of Commerce and Industry has warned that Nigeria risks losing its position as Africa’s leading technology hub unless the government accelerates policy reforms, expands digital infrastructure and creates a more predictable regulatory environment to attract investment. Vanguard reported that speaking at the opening of the 12th ICTEL Expo 2026 in Lagos, on […]

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LCCI urges FG to stabilise forex, cut energy costs amid rising inflation

The Lagos Chamber of Commerce and Industry has urged the federal government to stabilise the foreign exchange market and reduce energy and logistics costs as Nigeria’s headline inflation rate rose slightly to 15.69 per cent in April 2026 from 15.38 per cent recorded in March. In a statement titled, “April 2026 Inflation Signals Fragile Economic […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Business

LCCI urges FG to deepen reforms as inflation pressures persist

The Lagos Chamber of Commerce and Industry has called on the Federal Government to sustain and deepen its ongoing macroeconomic reforms as inflationary pressures continue to weigh on businesses and households nationwide. The chamber noted that manufacturers, Micro, Small and Medium Enterprises, traders, and consumers are still grappling with elevated operating expenses and rising living […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Opinion

LCCI describes January inflation drop as temporary easing

The Lagos Chamber of Commerce and Industry has stated that the latest inflation data released by the National Bureau of Statistics indicates a temporary easing of inflationary momentum, not yet a convergence toward a low and stable inflation regime. Recall that NBS, on Monday, reported that Nigeria’s headline inflation rate dropped to 15.1 per cent […]

Business

Transparent tax system crucial to grow businesses – LCCI

The Lagos Chamber of Commerce and Industry has emphasised that the effective and transparent implementation of the Tax Reform Act is crucial for simplifying compliance, easing the burden on productive businesses, and expanding the tax base without hindering economic growth. The Chamber urged the Federal Government to ensure the Act is fully implemented. In a […]

How FG can avoid recession in 2023 - LCCI
Business

LCCI elects Leye Kupoluyi as new president

The Lagos Chamber of Commerce and Industry has elected Mr. Leye Kupoluyi as its new President and Chairman of Council. The announcement was officially made on Thursday by Dr. Chinyere Almona, Director General of LCCI, during the chamber’s 137th Annual General Meeting held in Lagos. Kupoluyi’s appointment comes following the completion of Mr. Gabriel Idahosa’s […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Economy

LCCI projects positive 2025 economic year-end amid reforms

The Lagos Chamber of Commerce and Industry has projected that the Nigerian economy will end this year on a positive note if the current economic reform efforts of the Federal Government are sustained. The President of the LCCI, Gabriel Idahosa, expressed this optimism yesterday in Lagos during a media briefing on the state of the […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Business

LCCI urges customs to halt 4% FOB levy

The Lagos Chamber of Commerce and Industry has called on the Nigeria Customs Service to immediately halt the enforcement of the four per cent Free-on-Board levy, warning that the charge raises import costs, undermines competitiveness, and weakens investor confidence. In a statement on Monday, LCCI Director-General, Dr Chinyere Almona, expressed concern that Customs continues to […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Opinion

LCCI calls for transparent administration of tax incentives

The Lagos Chamber of Commerce and Industry has emphasized the need for effective implementation of the newly enacted Nigeria Tax Reform Act 2025 to spur industrialization in the country. According to LCCI President Gabriel Idahosa, the Act offers a bold opportunity to strengthen the social contract between the government and citizens through enhanced revenue mobilization, […]

LCCI to launch innovation hub for startups, SMEs in Lagos
News

LCCI to launch innovation hub for startups, SMEs in Lagos

The Lagos Chamber of Commerce and Industry will on Monday inaugurate a new Innovation Hub in Lagos aimed at nurturing startups and supporting small and medium-scale enterprises across Nigeria. Speaking on Friday during the chamber’s 2025 Members’ Day in Lagos, Ladi Smith, Chairman of Research and Advocacy at LCCI, said the hub is designed to […]

LCCI warns FG on rising debt
News

Boost petrol exports to curb inflation, LCCI tells FG

The Lagos Chamber of Commerce and Industry has called on the Federal Government to boost local crude oil refining and expand petrol exports to curb inflation and strengthen the naira. This was disclosed in an interview by the President of the LCCI, Gabriel Idahosa, on Saturday, according to The PUNCH. Idahosa stated that the N54.99 […]

How FG can avoid recession in 2023 - LCCI
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2025: LCCI predicts transformative growth for Nigeria

The Lagos Chamber of Commerce and Industry forecasts significant economic growth for Nigeria in 2025, contingent on the formulation and execution of decisive policies to tackle persistent economic challenges. This was disclosed by the LCCI President, Mr. Gabriel Idahosa, in the chamber’s New Year statement, which assessed Nigeria’s economic performance in 2024 and outlined projections […]

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