Inflation Rise Poses Significant Risks To Business Sustainability — LCCI
The Lagos Chamber of Commerce and Industry says that the uptick in inflation in the month of March poses significant risks to business sustainability.
The Director General of the chamber, Dr Chinyere Almona noted in a statement that the uptick is largely driven by increases in food inflation and transport costs, as well as a rise in core inflation which she said reflects renewed underlying price pressures within the economy.
The development she said, effectively halts the recent disinflation trend and raises fresh concerns about the sustainability of near-term price stability.
Almona expressed concern about the possible impact of rising domestic fuel costs – partly influenced by geopolitical disruptions in global energy markets – which have intensified cost-push pressures across production, logistics, and distribution value chains.
The chamber urged the Federal Government to take urgent steps to stabilize energy prices, improve domestic supply and address structural bottlenecks in food supply chains including logistics and transportation constraints as wells as enhance exchange rate stability and access to foreign exchange.
This is coming at the backdrop of the latest headline inflation figure which shows a rise to 15.38% in March 2026, up from 15.06% in February as reported by the National Bureau of Statistics (NBS).
