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LCCI projects high cost of doing business in 2020

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

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

He said the performance of the trade sector in 2020 would be shaped by the direction of government policies. Yusuf said a higher Value Added Tax rate of 7.5 per cent and the early disbursement of funds for budget implementation following the return of the budget cycle would also be contributory factors.

 

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