LCCI COMMENDS FG FOR ECONOMIC REFORMS.

The Lagos Chamber of Commerce and Industry (LCCI) has praised the Federal Government's economic reforms, citing their positive impact on Nigeria's macroeconomic environment. 

According to LCCI Director-General, Dr. Chinyere Almona, removing subsidies and unifying exchange rates have helped rebuild investor confidence and contributed to Nigeria's 4.6% GDP growth in Q4 2024.

Almona, however, noted that MSMEs and manufacturers still face challenges, hence the need for policymakers to support struggling sectors, upgrade infrastructure, and boost consumer spending power. 

She emphasized that reform success should be measured by job creation, enterprise growth, and improved living standards.

Noting that the LCCI supports a phased trade reform plan with sectoral focus and social safety nets, Almona identified emerging opportunities in agribusiness, technology, with clean energy as growth drivers.

She urged the federal government to tackle structural barriers and invest in skills and competitiveness to achieve shared prosperity.