Chamber Laments Dwindling Stakeholders Confidence In Service Sectors

The Lagos Cham
ber of Commerce and Industry (LCCI) has announced that stakeholders confidence in the nation’s tourism, financial and professional service sectors recorded dwindling fortunes in the first 90 days of this year, 2015.
LCCI in its report made available to newsmen, said that stakeholders confidence in the sectors which included agriculture and manufacturing dipped to 22.3 per cent from 30 per cent in the last quarter of 2014.
The report termed “the business confidence index (BCI), a quarterly projection on the state of the economy, measures the degree of positivism of business leaders and investors.
According to LCCI, the report engaged 180 top business executives from 162 companies across the country that are engaged in different areas of operations.
The report stated that players in the professional sector lamented the influx and rising patronage of offshores consultants, and the delay in the approval of this years 2015 budget.
On the confidence level in the financial services sector, business leaders said that in the period under review, there were economic fluctuations, capital flights and uncertainties due to the anxieties associated with the 2015 general elections in the country.