The Lagos Chamber of Commerce and Industry (LCCI) has urged the incoming government of President-elect, Bola Ahmed Tinubu to review policies responsible for the weak business environment in the country.
In a signed statement, the Director General, LCCI, Chinyere Almona, says poorly implemented policies have, over the years, contributed to the poor economic state of the country.
He says areas of grave concern include arbitrage-urging non-unified exchange rates, incidences of market shocks, massive infrastructural deficits, and unsustainable debt burden.Â
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He also says another issue is the recently approved fiscal policy measures which are at variance with the pre-existing but fully agreed-on FPM roadmap 2022 – 2024.Â
He also added that the recent measures run parallel to real sector growth and should be suspended forthwith with a view to being reviewed after due consultations with stakeholders.
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