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Vanguard News LCCI canvasses structural reforms to boost economy in 2021 On T he Lagos Chamber of Commerce and Industry (LCCI) has called for structural reforms that encompasses review of foreign exchange (forex) management and increased investment in infrastructure, warning of continued rise in inflation in 2021. Director General, LCCI, Dr Muda Yusuf, speaking in the Chamber’s “Economic Review and Outlook for 2021”, made available to Vanguard, said inflation rate will continue its climb by 2021 as a result of rising food prices due to the disruptions in food value chain caused by insecurity, energy costs and lack of forex liquidity. However, he believe a broad-based harmonisation of fiscal and monetary policies towards addressing the identified structural constraints will significantly help to moderate inflationary pressure in the medium term.

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