Cost of doing business in Nigeria to rise in 2020

The Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020.

Muda Yusuf, the LCCI Director-General, made the projection in the LCCI 2019 Economic Review and Outlook For 2020 made available to journalists on Thursday in Lagos.

He attributed the projected high cost to poor infrastructure, multiplicity of levies, excessive regulations, among others.

Mr Yusuf said that while the nation may have recorded improvement on the Ease of Doing Business Ranking due to some recent policy measures, realities on ground would continue to differ if the highlighted challenges were not properly addressed.

He said the performance of the trade sector in 2020 would be shaped by the direction of government policies.

Mr Yusuf anticipated that the manufacturing sector…

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