REFORMS: Lagos Chamber of Commerce & Industry Projects Positive Year‑End Economic Outcome!

REFORMS: Lagos Chamber of Commerce & Industry Projects Positive Year‑End Economic Outcome!

Reported by Amos Dachung | Sele Media Africa Reporter

Amid Nigeria’s ongoing economic reforms, the Lagos Chamber of Commerce & Industry (LCCI) has expressed cautious optimism that the national economy could finish the year on a positive note, if current reform momentum is maintained. [1]

LCCI President Gabriel Idahosa, speaking at a media briefing in Lagos, highlighted improvements in foreign‑exchange stability and reduced divergence between official and parallel rates as significant gains. “FX has been stable. The margin between parallel and official rates has closed significantly. Economic actors are now able to plan well,” he stated. [1]

Idahosa noted key prerequisites for sustaining recovery: a strong alignment between fiscal and monetary policy, greater diversification away from oil‑dependence, and translating macro‑economic stability into improved living standards. [1]

While commending the current stability, the LCCI also warned that persistent structural imbalances—particularly the dominance of the oil sector and weak non‑oil growth—must be tackled for the positive outlook to materialise. [1]

Citations:

1. Vanguard News: www.vanguardngr.com/2025/10/reforms-lcci-projects-positive-year-end-economic-outcome?utm_source=chatgpt.com

About The Author

Marian Opeyemi Fasesan

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Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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