Tackle Rising Energy Costs To Sustain Inflation Rate Moderation, LCCI Warns

The Lagos Chamber of Commerce and Industry (LCCI) has stressed the request to code rising vigor costs to support Nigeria’s caller advancement successful lowering inflation, contempt the header complaint falling to 18.02 per cent successful September 2025—the lowest successful 3 years.

The LCCI attributed the diminution to improved fiscal and monetary argumentation coordination, speech complaint stability, and stronger naira performance.

However, the Chamber noted emerging outgo pressures, including higher vigor and proscription costs, which whitethorn airs risks to the existent disinflationary trend.

The director-general of LCCI, Dr. Chinyere Almona commended ongoing fiscal and monetary argumentation coordination that has contributed to this downward trend, present sustained for six consecutive months.
However, Almona warned that rising vigor costs endanger to reverse this trend. “The caller pump terms summation of Premium Motor Spirit (PMS) to astir N1,000 per litre, combined with state proviso disruptions from labour unrest successful the lipid and state sector, is driving up logistics costs and accumulation expenses crossed industries,” she said.These energy-related shocks are pushing nutrient prices higher done accrued transport costs and inflating input costs successful manufacturing and services. They hazard intensifying inflationary pressures and undermining the existent disinflationary inclination if sustained.

The LCCI urged the authorities to actively prosecute with manufacture stakeholders and labour unions to prolong the gains to guarantee unchangeable powerfulness and substance supplies.

Almona emphasised the value of improving logistics efficiency, enhancing nutrient worth chains, and maintaining argumentation consistency to boost competitiveness and consolidate macroeconomic stability.

She explained that “the notable moderation successful nutrient ostentation to 16.87 per cent, alongside improved speech complaint stableness and stronger naira performance, demonstrates that caller argumentation adjustments and supply-side interventions are opening to instrumentality hold.

“This development, driven by a operation of improved cultivation output, moderated vigor prices, and argumentation discipline, offers alleviation to households and businesses. It provides a instauration for enhanced purchasing power, reduced accumulation costs, and renewed capitalist optimism. The Chamber peculiarly acknowledges the Central Bank of Nigeria’s caller monetary argumentation easing and its interaction successful supporting liquidity and stimulating productive sectors.”

She insisted that “while this diminution successful ostentation is commendable, the LCCI stresses the request to consolidate these gains done sustained structural and argumentation consistency.

“Efforts indispensable proceed to amended logistics efficiency, heighten home nutrient worth chains, and guarantee unchangeable powerfulness and substance supply, each of which are indispensable for sustaining little prices and boosting competitiveness.”

Almona noted “the caller summation successful the pump terms of Premium Motor Spirit (PMS) to astir N1,000 per litre, coupled with state proviso disruptions caused by labour unrest by NUPENG and PENGASSAN, has led to a surge successful home state prices and inflicted a higher logistics outgo load connected businesses. These developments are starting to propulsion up vigor and proscription costs, rise accumulation expenses crossed industries, and yet beryllium passed done to user prices.”

She pointed that “these energy-related shocks, if sustained, whitethorn intensify inflationary pressures successful the coming play nether review, peculiarly done higher logistics expenses, accrued nutrient prices owed to much costly haulage, and elevated input costs for the manufacturing and work sectors.

“The LCCI truthful calls for proactive authorities engagement with manufacture stakeholders and labour unions to guarantee vigor proviso stableness and avert prolonged disruptions that could undermine caller macroeconomic gains.”

LCCI DG urged policymakers to stay vigilant, fixed that ostentation dynamics stay delicate to planetary commodity prices, overseas speech movements, and home fiscal conditions. Strong coordination betwixt fiscal and monetary authorities remains captious successful maintaining this affirmative trajectory.”

She added that “the LCCI views the September ostentation result arsenic a beardown awesome of macroeconomic betterment and renewed stability. The Chamber, however, urges the authorities to stay focused connected the ongoing reforms, instrumentality societal concern programmes, and workout overmuch much caution with fiscal spending.”