fbpx
Business NewsNews

NACCIMA fears worsening inflation

Sola Obadimu, Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mining, and Agriculture, has stated that Nigeria’s current inflation rate poses a serious threat to the survival of businesses across the country.

Obadimu forecasted that Nigeria’s inflation rate would rise further in 2023, while the naira would depreciate further.Information Guide Nigeria

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

The NACCIMA DG, who spoke exclusively to The PUNCH in response to the slight decrease in headline inflation from 21.47 to 21.34 in December, said such a marginal decrease does not bode well for the productive sector of the economy.JAMB Result

Other Top Stories:

Obadimu said, “Inflation coming down from 21.47 to 21.34, for me it is not good. Even if those figures are true.

So This Happened (193) reviews Adeleke’s inauguration as Osun governor, 14-day paternity leave

“Liz Truss, what was the principal reason why she stepped down? It was 11 per cent inflation. Anything above a single digit is not good for business.

“We always preach, if possible, single-digit inflation. That is, something that costs N100 in January, should at worst, not cost more than N110 by December. That shows some stability in the economy. Anything beyond that is injurious to business. So, 21 per cent inflation is like six and half a dozen.

“If that is impracticable, then it should not be more than 15 per cent, at worst. A lot of work still needs to be done to bring down inflation. Prices should be predictable for planning and budgeting purposes. It has been a very uncertain scenario, given the fact that we have been told that a point in the year fuel subsidy will be removed, which will definitely have an impact on the naira. Inflation will worsen this year. Naira will further weaken.”NYSC portal

Check JAMB Result 

Check and Confirm: How much is Dollar to Naira

 

 

 

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

 

👇👇👇👇👇

Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.

👇👇👇👇👇

Click here to subscribe!

For Latest updates on News, Scholarships, Jobs & Business Ideas, and Other Opportunities.

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.

 

 

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

.


The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

.
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here

.

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker