The Lagos Chamber of Commerce and Industry (LCCI) has proffered actionable solutions to benefit businesses, strengthen economic growth, and development in 2025.
The chamber viewed that while the 2025 GDP growth projections reflect optimism, the government must pay attention to fiscal discipline, growth drivers, and the enabling environment.
LCCI stated that the assumed GDP growth rate of 6.4% is notably ambitious, given the average growth trajectory of 2.5–3.5% over recent years.
The President of the chamber, Gabriel Idahosa, made the recommendations at the Chamber’s state of the economy address, where he noted that the recent GDP growth figures highlight commendable progress but observed that the gap between current economic realities and the 2025 budgetary goals raises significant concerns that require targeted actions.
Idahosa added that the National Bureau of Statistics (NBS) GDP report for Q3 2024 performance demonstrates resilience but reveals structural bottlenecks, especially in non-oil productivity, industrial growth, and export capacity.
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