AFTER ONE YEAR OF PRESIDENT BUHARI'S ADMINISTRATION, LCCI RATE NIGERIA'S ECONOMY [MUST READ]

President Muhammadu Buhari

The Lagos Chamber of Commerce and Industry has commended the efforts made by the Muhammadu Buhari led administration to stabilize the Nigerian Economy despite the challenges it has encountered.

In a statement issued, the LCCI rated the Nigerian economy after one year of Buhari’s administration.

The Chamber also commended the government’s efforts in fighting corruption.

The statement reads:


The Lagos Chamber of Commerce and Industry recognize the fact that the current economic situation is challenging. The global economic reality, fall in global oil prices, economic policy shortcomings and insurgency all play a very critical role in the weak economic performance of the country. In realization of these challenges, government efforts at stabilizing the economy are commendable.   We commend government’s efforts in fighting corruption which has become endemic in our system. For instance, the level of impunity in governance has reduced drastically due to government anti-corruption stance. This is creating positive brand for the country globally. However, while the anti-corruption war is still on-going with emphasis on recovering looted funds from both onshore and offshore, it is our wish that government review its processes and implement reforms and frameworks that make corruption difficult to thrive.

The fight against insurgency has also yielded some good results. This remarkable success in containing insurgency also deserves commendation. We urge the government to pay more attention to the growing security breaches coming from groups such as the armed headsmen and the Niger Delta Avengers. This is very important because the economy can only thrive in a peaceful and secured environment.


READ FULL STATEMENT HERE

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