Insecurity and Global Tension may Hike Food Prices - LCCI Warns
[NigerianEye - Nigeria] - 17/06/2025
The Lagos Chamber of Commerce and Industry has urged Nigeria not to lose momentum in addressing the structural drivers of inflation, despite the recent easing in the inflation rate.The Director-General of the LCCI, Dr Chinyere Almona, made this call on Tuesday in Lagos, responding to the May inflation figure of 22.97 per cent.According to the National Bureau of Statistics, Nigeria’s headline inflation rate fell to 22.97 per cent in May, down from 23.71 per cent in April.Dr Almona noted that this development marks a positive, albeit modest, shift in the country’s inflation trajectory after (…)
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