Nigeria's Economy Still Vulnerable to External Shocks - LCCI

23 January 2020

Lagos — The Lagos Chamber of Commerce and Industry (LCCI) yesterday said the nation's economy still remained vulnerable to external shocks due to lingering fluctuations in global oil prices.

The President of LCCI, Mrs. Toki Mabogunje, who disclosed this at an interactive session with the media in Lagos, said the volatility in the international oil prices and the slow fiscal growth explained why Moody and Fitch, two global credit agencies, downgraded the nation's economic outlook from stable to negative recently.

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