LCCI projects an increase in non-oil tax revenues by N3.2 trillion over the next two years, pushing the tax-to-GDP ratio toward 12 per cent by 2027.
According to the National Bureau of Statistics, Nigeria’s headline inflation rate eased to 22.97 per cent in May, down from 23.71 per cent in April.
He said Nigerians were falling for Ponzi traps due to a combination of ignorance and greed.
“Another concern is the exposure to the external currency shocks that may result from the depreciation of the naira,” the LCCI chief said.
He said that the corporation had been helpful in maintaining stability within the financial sector.
She said that to extend the recorded ease in prices, Nigeria must attend to the root causes of food insecurity.
“As a people, we would get things right but we must ensure we do things the right way,” she said.
“The government has consistently shown their willingness to listen to the concerned public,” he said.
LCCI) has urged a balanced approach to expatriate employment, which has a potential impact on inflows of foreign direct investments.
The affected depositors, creditors and shareholders are from 20 liquidated banks.
