Lagos Chamber of Commerce and Industry, LCCI, has said that increased government borrowing from the domestic financial markets has become a major source of distortion of the financial inter-mediation process in the Nigerian economy.
Speaking at the 2015 Quarterly Press Conference, the President of the LCCI, Alhaji Remi Bello, said the value that the economy can derive from the banking institutions is inherent in effective inter-mediation and this implies the channeling of funds from the surplus segments of the economy to the deficit sectors of the economy, but this is not happening to the degree that could impact positively on job creation.
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