The Lagos Chamber of Commerce and Industry has called on the Central Bank of Nigeria to explore viable options to tackle the country’s surging inflation as the frequent interest rate hikes were not producing the desired result.
The chamber made this known in a statement signed by its Director-General, Chinyere Almona.
According to the statement, since April 2022, inflation has increased from 16.82 per cent to 21.91 per cent in February 2023, despite a 6.5 per cent…
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