The Lagos Chamber of Commerce and Industry (LCCI) says the federal government needs to replace the oil price benchmark in its annual budget with an index of key exportable primary goods as a means of widening the revenue base.
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Published 30 May 2021
The 21st century is an exciting period of cutting-edge innovations. We hear and see mind-boggling inventions that show us just how far man has gone in revolutionising his world.
Described as the “imagination age”, the fourth Industrial Revolution is characterised by an eclectic blend of digital, biological, and physical worlds, not to mention the growing use of new technologies such as artificial intelligence, blockchain, cloud computing, robotics, the Internet of Things, 3D printing, and advanced wireless technologies and so on. The impact of these disruptive technologies is especially felt in the areas of education, employment, and the future of work.
A Crawling Economy in Need of Stimulus thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Dike Onwuamaeze
The Commissioner of Insurance, Mr. Sunday Thomas, has charged practitioners in insurance sector to embrace disruptive business models in order to be able to build an industry that would withstand future changes in the sector.
Thomas, gave this charge recently, when he spoke at the Lagos Chamber of Commerce and Industry’s (LCCI) 2021 Insurance Stakeholders’ Consultative Forum with the theme “Nigeria’s Insurance Industry: Breaking New Frontiers,” which was hosted virtually in Lagos.
He said insurance operators in the country should avoid too much reactive thinking and embrace disruptive innovation since the things the industry have been leaning on might not sustain it in the nearest future.
NEPC hopeful of N156bn EEG backlog clearance Stakeholders have expressed concerns about the country’s poor non-oil exports, citing it as a major reason for the wide deficit in the balance of trade, as well as inadequate foreign exchange earnings. With N194 billion of the outstanding Export Expansion Grant (EEG) already settled via promissory notes from the Debt Management Office (DMO), the Nigerian Export Promotion Council (NEPC) has given assurance of the approval and settlement of the remaining N156 billion by the National Assembly. According to the NEPC, the backlog remains unsettled as it did not scale through the passage by the previous session of the National Assembly but expressed optimism that the ninth assembly would consider the settlement to promote non-oil exports.