The Lagos Chamber of Commerce and Industry (LCCI), has announced its partnership with PricewaterhouseCoopers (PwC) Nigeria, a renowned international consultancy firm, to organise a stakeholders’ forum on the state of the Nigerian economy.
The objective is to proffer solutions to the lingering economic challenges in the country, by identifying and presenting alternative sources of revenue to government.
The Stakeholders’ forum, which is billed to hold on Thursday 17th March, 2016 by 9:30am at Four Points by Sheraton, off Lekki-Epe Expressway, Victoria Island, Lagos, is expected to bring together key government agencies and major players in the various sectors of the economy, especially the non-oil sector.
This is to enable businesses align with the economic diversification and long term sustainability of the Nigerian economy.
According to Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry (LCCI) “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. Yusuf added that, 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 government to stem the unfavourable tide in the economy.’’
He added that, “the special state of the economy forum will focus on options and way out of the prevailing economic crisis for Nigerian Government, perspectives on the emerging risks and opportunities for businesses across sectors, among others. Major stakeholders and key players in the economy are expected at the forum.”