The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reform of the Nigeria Customs Service (NCS) to complement government and private sector’s efforts at economic recovery. Dr Muda Yusuf, the Director-General of LCCI made the call in a statement to newsmen on Sunday in Lagos. Yusuf said the NCS procedures and processes Read More…
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to prevail on electricity distribution companies to regularise the varying costs of electricity tariffs across the states of the country. Mr Mansur Ahmed, President, MAN, made the call in a statement on Friday in Lagos. Ahmed said that the appeal for uniformity in Read More…
Mr Sam Egube, Commissioner for Economic Planning and Budget, Lagos State, on Thursday unveiled plans for this year’s Lagos Economic Summit tagged ‘Ehingbeti 2020’ slated for Nov. 10 to 12. The plans for the summit, which targets 100,000 participants, were outlined by Egube, also co-Chair of the summit, at a stakeholders conference and logo presentation Read More…
Dr Nasir Sani-Gwarzo, Permanent Secretary, Federal Ministry of Industry, Trade, and Investment (FMITI) says the nation will soon have better, simpler regulations for business and stronger protection of property rights. Sani-Gwarzo said this was to ensure ease of doing business in the country. He gave the assurance at a Sensitisation Workshop on Improvement of Business Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has commended President Muhammadu Buhari for the early presentation of the 2021 budget estimates to the National Assembly for passage. The chamber said the move was a demonstration of the current administration’s commitment to sustaining the return to January – December budget cycle. Dr Muda Yusuf, Director-General, Read More…
President Muhammadu Buhari has presented the 2021 budget proposal of N13.08trillion to the National Assembly for consideration and passage into law. The president, who was accompanied by Vice-President Yemi Osinbajo, some cabinet members and presidential aides, arrived the premises of NASS at about 11.03p.m. He explained that the total aggregate revenue projected for the 2021 Read More…
The World Bank Group has said that it will help developing countries resume growth and respond to the health, social, and economic impacts of COVID-19. President of the bank, Mr David Malpass, in a statement on Wednesday, said it would assist the countries as they worked toward a sustainable and inclusive recovery. Malpass, however, said Read More…
The National Bureau of Statistics (NBS) says Lagos State recorded the highest Internally Generated Revenue (IGR) of N204.51 billion in the first half of 2020. The NBS made this known in its Internally Generated Revenue at State Level (H1 2020) report made available on its website on Tuesday. It said the second state with the Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has advised policy makers on the formulation and implementation of policies to facilitate sustainability as business operators grapple with the devastating impact of the COVID-19 pandemic. Mrs Toki Mabogunje, President, LCCI. gave the advice at a press conference on the state of the economy, on Tuesday in Read More…
The Federal Executive Council (FEC) on Wednesday in Abuja approved budgetary proposal of N13.08trillion for 2021 fiscal year. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, made this known when she briefed State House correspondents on the outcome of the Council meeting. She explained that the total aggregate revenue projected for the Read More…
