- The LCCI has cautioned on numerous occasions that rate hikes alone won’t be sufficient to lower inflation
- The LCCI president claimed that reduced investment incentives and increased borrowing costs plague the organised private sector
- He said the real sector has demonstrated its capacity to expand the industrial foundation of the economy and create jobs
Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
Gabriel Idahosa, president of the LCCI said the Chamber has repeatedly warned that rate increases won’t be enough to reduce inflation unless the problems facing the real sector—which includes the manufacturing and agricultural sectors—are addressed.
