LCCI Urges Nigerian Government to Accelerate Economic Reforms for Sustainable Growth

The Lagos Chamber of Commerce and Industry (LCCI) stressed the urgent need for decisive action by the Nigerian government to accelerate economic reforms and stimulate sustainable growth. In a presentation of the Nigeria Development Update 2025 by the World Bank, LCCI highlighted the importance of restoring investor confidence to improve living standards.

LCCI's Chinyere Almona emphasized the slow pace of reform implementation and identified key areas needing attention, such as investment in the agricultural value chain and energy sector reform. The chamber urged Nigeria to prioritize massive investments in rural infrastructure to enhance productivity and economic growth.