The Lagos Chamber of Commerce and Industry (LCCI) yesterday warned that the proposed rebasing of the country’s Gross Domestic Product (GDP) should not be an excuse to take more loans.
LCCI President, Gabriel Idahosa, spoke in Lagos at the 2025 Economic Review and Outlook Conference organised by the chamber.
This is just as the Chairman of the Presidential Committee on Fiscal Policies and Tax Reforms, Taiwo Oyedele, disclosed that the committee is making progress with engagement with critical stakeholders, saying the Bills would be ready before the end of first quarter 2025.
Daily Trust reports that the National Bureau of Statistics (NBS) has concluded plans to unveil the rebased GDP figures by the end of January.
Idahosa at the conference attended by economic experts including Biodun Adedipe, urged the government to remain focused on driving through the economic reforms towards achieving set goals.
“The monetary authorities should not get comfortable with rebased inflation figures if they come out lower than what we currently deal with at 34.6% as of November 2024.”
