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The Lagos Chamber of Commerce and Industry said on Wednesday that the security crisis in Nigeria has crippled many investments and will exacerbate poverty in the country.

todayApril 30, 2021 11

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The Lagos Chamber of Commerce and Industry said on Wednesday that the security crisis in Nigeria has crippled many investments and will exacerbate poverty in the country.

The LCCI, which expressed serious concerns about the worsening security situation, said It is a sad commentary that kidnapping, herders-farmers conflict, ethno-religious violence, vandalism, armed robbery, banditry, arson, and insurgency have become routine occurrences in Nigeria.

Its President, Mrs Toki Mabogunje, said in a statement that the impact of the security crisis on the Nigerian economy remained profound and multi-dimensional.

She noted that many farmlands across the country, especially in the North and Middle Belt, had been destroyed in the process, and this had continued to disrupt agricultural activities in these areas.

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BUSINESS

The Chairman, Senate Public Accounts Committee, on Wednesday gave the Ministry of Finance, Office of the Accountant General of the Federation and the Office of the National Security Adviser till Tuesday next week to explain an alleged secret withdrawal of N7.5bn from the two per cent National Automotive Council Design and Development Council Levy Account.

The Chairman, Senate Public Accounts Committee, on Wednesday gave the Ministry of Finance, Office of the Accountant General of the Federation and the Office of the National Security Adviser till Tuesday next week to explain an alleged secret withdrawal of N7.5bn from the two per cent National Automotive Council Design and Development Council Levy Account. The account is domiciled with the Central Bank of Nigeria. The Committee had two weeks […]

todayApril 29, 2021 8

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