The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to broaden its investment in the manufacturing sector. President Bola Tinubu recently announced plans to allocate N75 billion towards strengthening the manufacturing sector and creating jobs.....KINDLY READ THE FULL STORY HERE▶
However, LCCI President Michael Olawale-Cole suggests that considering more enterprises would be necessary to significantly impact the economy….CONTINUE READING
Despite this, the Chamber supports the move, believing it can lead to sustainable economic growth and increased productivity.
The government’s palliative plan for businesses and policy interventions to address inflation and exchange rate stability were also commended.
However, Olawale-Cole emphasized the importance of monitoring the cost of funds for loans provided to enterprises and ensuring accountability and engagement with citizens during the implementation process.
The LCCI president called for patience, acknowledging that reversing the economy’s degradation would require concerted efforts and strategic alignment of national goals.
