The former LCCI boss said many state governments were yet to fix affected public properties for lack of finance.
“We note with concern the continued contraction of the trade sector grappling with headwinds arising from exchange rate depreciation and forex illiquidity.”
The LCCI boss was optimistic that the CBN’s Monetary Policy Committee, set to meet next week, would address the persisting inflationary pressure.
“Discretionary interpretations on product classification and valuation poses enormous corruption risks in Customs processes.”
“Government authorities at national and sub-national levels should address security concerns in the country.”
Resurgent COVID-19, food supply shocks, heightened insecurity, foreign exchange policies, and higher energy costs are factor to consider.
