The Lagos Chamber of Commerce and Industry (LCCI) has called for deliberate policy actions to sustain the current moderation of domestic inflation pressures in Nigeria.
The statement, titled “Consolidating on Inflation Moderation in the Face of New Threats,” was issued in response to the latest Consumer Price Index, which showed a slight deceleration in Nigeria’s headline inflation rate to 15.06 per cent in February 2026 from 15.10 per cent in January 2026.
Dr. Chinyere Almona emphasised that the government should prioritise exchange-rate stability by improving foreign exchange liquidity and boosting non-oil export earnings. She added that strengthening food security through enhanced agricultural productivity, addressing insecurity in farming communities, and investing in storage and logistics infrastructure would help moderate food prices.
“Furthermore, accelerated reforms in the power and energy sectors are critical to lowering production costs for businesses. Reliable electricity supply and improved energy infrastructure would significantly reduce cost pressures across manufacturing, trade, and services,” Almona said.
The LCCI highlighted that sustaining the marginal decline in inflation depends on consistent macroeconomic management, structural reforms, and policies that enhance domestic productivity.
