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Nigeria On the Verge Of Economic Stagflation- LCCI
She also emphasized the need for the Federal Government to sustain its targeted interventions in critical sectors of the economy.
She stated: “The economy has continued to struggle with many inhibiting burdens like inflation, weak revenue generation, degenerated infrastructure, forex challenges, unsustainable cost profile seen in debt services and subsidy payments, and the daunting threats of worsening insecurity.
“The chamber is concerned that if we continue in this trajectory, the economy may bleed away into a stagflation, which will impact on production cost, job losses, worsened forex crisis, and dampened growth in the medium term”, she added.
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