By BusinessNews

The Lagos Chamber of Commerce and Industry (LCCI) has declared that the Nigerian economy suffered severe decline in the past one year of the administration of President Muhammadu Buhari.

The LCCI in a report titled: “The Economy After One Year of Buhari’s Administration” released yesterday explained that the woeful outcome of the nation’s economic performance was the result of “the absence of well structured, broad-based and synergized economic blueprint with clearly stated goals, plans, policies and strategies to drive the economy.”

The Chamber stressed that the economic policy space remained unclear, adding that the policy conception was faulty, hence, policy coordination and implementation suffered serious setback.

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