ADVERTISEMENT

LCCI: Businesses weighed down in 2018 by conflicting rules

The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Ruwase, yesterday, lamented issuance of conflicting regulatory rules by various regulatory agencies, thereby leading to increased burden on businesses, higher cost of operation, waste of executive time and reputational consequences in 2018.

Presenting the scorecard of his leadership at the 130th annual general meeting of the chamber in Lagos yesterday, Mr. Ruwase said the regulatory environment was a major source of distraction for many corporate organisations during the outgoing year.

ADVERTISEMENT

“It also adversely impacted the confidence of investors. These also manifested in form of arbitrary fines and charges, sanctions and frequent summons of corporate executives by the National Assembly. We believe that government still has the enormous task of fostering an environment where entrepreneurs, small and medium enterprises, can thrive better, sound and result-oriented business regulations are critical for private sector development,” he said.

Ruwase explained that in 2018, businesses experienced frequent incidences of regulatory challenges, leading to increased burden on businesses, higher cost of operation, waste of executive time and reputational consequences.

ADVERTISEMENT

He said that despite all the challenges, the economy was able to maintain a positive growth trajectory driven by the recovery of oil price for most part of the year.

 


Share this article

HOW I BECAME FREE OF HIGH BLOOD PRESSURE

DIABETES TOTAL CURE

EKWENSI helps to revive and rejuvenate the Pancreas which is the root causes of Diabetes, which results to frequent urination and loss of weight, tingling of the feet’s and many.

This drug cures diabetes completely within 2months of frequent usage. Call Sam on 08124139999 or 08077776226



BREAKTHROUGH NATURAL CURE FOR PROSTRATE ISSUES IN JUST 15 DAYS!!!

You Can Prevent PROSTATE CANCER!!!

Your PROSTATE ENLARGEMENT Is REVERSIBLE

Don't Let It Threaten You!

To SHRINK And NORMALIZE Your PROSTATE Within 15 Days Without Surgery Or Chemical Drugs, Click Here!!!

Join us on


Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.