The Lagos Chamber of Commerce and Industry and PricewaterhouseCoopers will on Thursday host a stakeholders’ forum on the state of the Nigerian economy.
The objective of the forum, which holds
in Lagos, according to the organisers, is to proffer solutions to the
lingering economic challenges in the country by identifying and
presenting alternative sources of revenue to the government.
The forum is expected to bring together
key government agencies and major players in the various sectors of the
economy, especially the non-oil sector, to enable business align with
the economic diversification and long-term sustainability of the Nigerian economy.
The Director-General, LCCI,
Mr. Muda Yusuf, said, “The Nigerian economy has been witnessing oil
price shocks leading to exchange rate volatility and forex market crisis
since mid-2014. Overdependence of the economy on dwindling earnings
from hydrocarbons has threatened government revenue with extended
consequences of slowing growth, rising unemployment, depleting external
reserves and higher cost of doing business.
“Owing to the foregoing, we are excited about the collaboration with PwC
in this research to present to the general public its key findings,
which identify optimal approaches available to the government to stem
the unfavourable tide in the economy.”
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