…seeks reduction in MPR
The Lagos Chamber of Commerce and Industry (LCCI) has called for sustainable market-driven reforms that drive price stability by stimulating production and investment in the real economy.
In a statement signed by Chinyere Almona, director general of LCCI, the chamber stated that while they appreciate that the current reforms may have started to have some impact on stabilising the exchange rates, easing headline inflation, and increasing government revenue, they must restate that interest rate at 27.5 percent remains a depressing burden on businesses.