By Rukayat Moisemhe
Lagos, April 15, 2021 The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for urgent action to address the underlying causes of the nation’s current inflationary trends.
Amb Ayoola Olukanni, Director-General, NACCIMA, made the call in reaction to the 18.17 per cent March inflation figure as released by the National Bureau of Statistics (NBS).
Olukanni said the call was pertinent to enable the nation achieve the 2.5 per cent projected growth for the year.
Naija247news reports that the inflation rate for March rose to 18.17 per cent from 17.33 per cent recorded in February, representing a 0.82 per cent increase.
NACCIMA calls for urgent action to address spiralling inflation
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Published 12:32 am
Shippers in the country have said they lost N780bn in 2020 because they could not access shipments in ports. They said the inability to access the ports affected both in imports and export cargoes.
President of Shippers Association Lagos State, Jonathan Nicol, said this in an interview with our correspondent, adding that as a result, shippers had begun considering other ports.
He said, “Last year was a bad year by the time we computed goods lost based on inability to enter the port.
“Most of the cargoes are perishable items. A lot of them were returned damaged. Some of the goods got spoilt before they could even be shipped. It involves both import and export cargoes.