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FG should sustain targeted interventions to avert recession — LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to sustain its interventions in critical sectors of the economy to prevent the country from going into economic recession in 2023.

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2023: FG should sustain targeted interventions to avert recession — LCCI

By Yinka Kolawole

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to sustain its interventions in critical sectors of the economy to prevent the country from going into economic recession in 2023.

Director General, LCCI, Dr Chinyere Almona, made the call in a statement made available to Vanguard on projecting the nation’s economic outlook for 2023, adding that there is need for sound monitoring and evaluation over the budget allocations.

Almona stated: “The Federal Government needs to sustain its targeted interventions in selected critical sectors like agriculture, manufacturing, export infrastructure, tackling insecurity, and free more money from subsidy payments.

“It is very imperative that we need sound monitoring and evaluation over the budget allocations to capital projects and defence spending to respectively tackle infrastructural deficit and the fight against insurgency.

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