#EndSARS protests: Nigeria loses N700bn in 12 days -LCCI

0

By Tayo Alabi

The Nigerian economy has lost over N700 billion to the #EndSARS protests over the last 12 days, the Lagos Chamber of Commerce and Industry (LCCI) has said.

President, LCCI, Mrs Toki Mabogunje, made the disclosure while reviewing the economic implications of the protest.

She noted that LCCI appreciates the value of citizens’ engagement and the demand for accountability which the protest represents, but lamented the negative impact on the economy.

“These are in consonance with democratic norms.  They also form vital ingredients for good governance.

“LCCI is however concerned about the negative impact that the protracted nature of the EndSars protests has on business activities across the country.

“Over the past twelve days, economic activities have been crippled in most parts of the country and has been particularly profound in the urban areas.

“The Nigerian economy has suffered an estimated seven hundred billion naira (N700 billion) loss in the past twelve days.”

She observed that the protest has been impactful and profound, adding that it has achieved some significant outcomes by reawakening the need to reform the shortcomings in the nation’s political governance.

See also  OML 143: NNPC, SEEPCO Sign Gas Development Deal

LEAVE A REPLY

Please enter your comment!
Please enter your name here