LCCI Urges FX Stability, Energy Reforms As Inflation Continues To Bite Businesses

Despite a decline from 26.82 per cent a year ago, Lagos Chamber of Commerce and Industry (LCCI) said inflation remains a heavy burden on manufacturers, MSMEs, and consumers due to elevated costs of food, transport, and energy.
The Chamber called on government to stabilize the forex market, cut logistics and energy costs, and strengthen support for domestic production.
In a press statement titled, ‘April 2026 Inflation Signals Fragile Economic Recovery’ the director-general of LCCI, Dr. Chinyere Almona said, noted the marginal increase in Nigeria’s headline inflation rate to 15.69 per cent in April 2026 from 15.38 per cent in March, according to the latest statistics.
“While the incr...