Chinyere Almona, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), on Sunday warned that the increases in general price levels currently witnessed in the country have greatly reduced the purchasing power of most Nigerians.
In a statement issued on behalf of the chamber, Almona said the rising cost of living has pushed more than 133 million Nigerians into multidimensional poverty—a situation that calls for drastic solutions.
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