…as mid-year 2025 economic outlook review shows GDP growth
The Lagos Chamber of Commerce and Industry (LCCI) has expressed worries that despite ongoing economic reforms aimed at improving the business environment, small and medium-sized enterprises (SMEs) continue to grapple with high operational costs, regulatory hurdles, and infrastructure challenges.
Gabriel Idahosa, the president of LCCI, disclosed this in the annual mid-year review of the association made available to BusinessDay, when he emphasised that while policy shifts have brought some relief, many entrepreneurs are faced with high operational costs, which is a major barrier to growth and sustainability.
