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LCCI seeks reduction in cost of borrowing in financial sector
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LCCI seeks reduction in cost of borrowing in financial sector

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The Lagos Chamber of Commerce and Industry (LCCI) has advised the Central Bank of Nigeria (CBN) and others relevant monetary authorities to revise the current monetary policy to bring down the cost of borrowing to investors.

The LCCl Director General, Mr Yusuf Muda, told the News Agency of Nigeria (NAN) in Ota, Ogun, on Saturday that the domestic investment and consumer spending would thrive under a low-interest rate regime.
“The tight monetary policy regime should be relaxed to spur domestic investment and consumer spending,” he said.

Muda Yusuf, LCCI Boss.

Muda Yusuf, LCCI Boss.

The Lagos Chamber of Commerce and Industry (LCCI) has advised the Central Bank of Nigeria (CBN) and others relevant monetary authorities to revise the current monetary policy to bring down the cost of borrowing to investors.The LCCl Director General, Mr Yusuf Muda, told the News Agency of Nigeria (NAN) in Ota, Ogun, on Saturday that the domestic investment and consumer spending would thrive under a low-interest rate regime.
“The tight monetary policy regime should be relaxed to spur domestic investment and consumer spending,” he said.

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