Notwithstanding anticipation of slow growth, reflecting the lingering effects of the COVID-19 pandemic on the economy and prospects of stricter containment measures amid a new strain of the virus, the Lagos Chamber of Commerce and Industry (LCCI), has projected a return to positive growth in the second quarter (Q2) of this year.
According to the Chamber, Nigeria’s economic growth trajectory is hinged on effective management of the pandemic locally and globally; widespread vaccine rollout; direction of global oil market, and quality of fiscal, monetary, trade and regulatory policies.
Indeed, LCCI noted that accelerating the pace of economic recovery requires the fiscal and monetary authorities to be well-coordinated to promote growth-enhancing and confidence-building policies that will encourage more private capital inflows into the economy…
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