LCCI Urges Policies to Sustain Inflation Moderation

The Lagos Chamber of Commerce and Industry (LCCI) issued a statement calling for policies to sustain the current moderation of domestic inflation pressure, which was reported at 15.06% in February 2026, down from 15.10% in January 2026. Dr. Chinyere Almona, the Director General of LCCI, emphasized the importance of stabilizing the exchange rate and improving foreign exchange liquidity to boost non-oil export earnings.

The LCCI also highlighted the need for investments in agricultural production, storage, and logistics infrastructure to enhance food security and moderate food prices. Furthermore, the organization stressed the necessity of reforms in the power and energy sectors to reduce production costs and improve energy supply reliability.

The LCCI warned of significant underlying inflation risks, noting a month-on-month inflation rate increase of 2.01% in February. The statement also addressed the impact of global tensions and local challenges on inflation, urging urgent actions to mitigate these pressures.