The Lagos Chamber of Commerce and Industry says the Nigerian economy may have lost about N700bn to the #EndSARS protests in the last 12 days.
The President, LCCI, Mrs Toki Mabogunje, in a statement on Monday, expressed concern over the negative impact of the #EndSARS demonstrations on business activities across the country.
The statement is titled, ‘LCCI press release on the economic implications of EndSARS protest’.
“The LCCI appreciates the value of citizens’ engagement and the demand for accountability which the EndSARS protest essentially represents.
“These are in consonance with democratic norms. They also form vital ingredients for good governance.
“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 (₦700bn) loss in the past twelve days,” Mabogunje said.
She noted that the #EndSARS demonstrations had been impactful and profound, adding that it had the power of the people and the potency of the energy of the youth to bring about change.
According to the LCCI president, the protests have achieved some significant outcomes and has reawakened the need to reform the shortcomings in Nigeria’s political governance.
She recommended that the protesters dialogue with the government.
This, according to Mobogunje, is necessary to reduce the massive disruptions, blockades and barricades around our major cities and interstate highways.
“These actions have been at great cost to the economy and the welfare of Nigerian citizens. It should be noted that our economy is still reeling from the shocks of the Covid-19 Pandemic and struggling to recover from its devastating effects,” she added.
She advised the President, Major General Muhammadu Buhari (retd.) to urgently grant audience to the leadership of the #EndSARS to deliberate on the way forward and to agree on an action plan for the delivery of agreed outcomes.
Mobogunje urged the government to commit to rapid improvement in governance quality and accountability in the police and public sector.
Lagos Task Force Officers Shoot Banker For Protesting Car Damage (Photo)
Funny Face Leaves A SuicideNote Behind As He Shares All His Properties Amongst His Kids
2023: Nnamdi Kanu’ll ‘force’ Igbo President to declare Biafra – Dokpesi
Reality TV star, Efe addresses alleged rift with BBNaija organizers
Why I Married My 42-Year-Old Wife With A 10-Year Age Difference – Actor, Stan Nze Opens (Video)
Presidency Replies Nnamdi Kanu On Buhari Being ‘Jubril Of Sudan’
Pero Adeniyi Reacts After Being Called ‘Tuface’s First Wife’ By Her Friends (Video)
2Face Idibia Reacts After His Alleged Relatives Linked Up With His First Babymama, Pero
- Entertainment2 days ago
‘You Are Dealing With A Cartel Of Professional Blackmailers, So Please Be Careful’ – Tonto Dikeh Advised
- Celebrity Gossip & Gist2 days ago
‘Jane Mena and I do it from morning till night, she doesn’t get tired’ – Prince Kpokpogri says in NEW LEAKED VOICE NOTE
- Entertainment1 day ago
My Boyfriend Is Not Supposed To Take Care Of My Needs When We’re Dating, That’s Why I Have Parents – Lady Says (Video)
- News1 day ago
Should I Stop Going To Church? After Seeing This In The Bible? – A Man Has A Question