Muda Yusuf drops hints on how to fix inflation

Muda Yusuf drops hints on how to fix inflation

Muda Yusuf drops hints on how to fix inflation     Muda Yusuf, the Director General of the Lagos Chamber of Commerce and Industry (LCCI) has advised that for Nigeria to tackle inflation, it needs to fix supply-side challenges. He emphasised that to achieve desired results, fiscal deficit monetizationproblem must be fixed by the Central Bank of Nigeria (CBN). Dr Yusuf gave the hints in an interview in Lagos after the National Bureau of Statistics released the latest inflation figures. The renowned economist revealed that CBN’s deficit financing, which has…

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Why Nigeria’s economy may not recover early 2021 – LCCI

LCCI Muda Yusuf

Why Nigeria’s economy may not recover early 2021 – LCCI   The Lagos Chamber of Commerce and Industry (LCCI) has identified bottlenecks against recovery of the Nigerian economic from its current downturn. The Chamber stated that the resurgence of COVID-19 pandemic and significant oil price volatility as the greatest threats to economic recovery in 2021. The LCCI predicted in its latest report titled ‘Economic and business review for year 2020 and outlook for year 2021’ that economic recovery to growth trajectory would take full course by the second quarter of…

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LCCI DG, Muda Yusuf identifies odds against pension fund’s assets growth

LCCI appoints new DG as Yusuf bows out

The Director General of the Lagos Chambers of Commerce and Industry (LCCI), Dr. Muda Yusuf, has lamented that low yield on fixed-income securities like  treasury bills at around one to two per cent and rising inflation currently at 13.71 per cent have continued  threaten real growth of pension fund assets in the near to medium term. Yusuf made the revelation while addressing pension and insurance correspondents in Lagos, recently. The LCCI boss, who advocated the de-risking of the real sector to entice more investors, said given their low risk nature, a large chunk…

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