{"id":4248,"date":"2021-05-25T13:22:19","date_gmt":"2021-05-25T13:22:19","guid":{"rendered":"https:\/\/carlcon.com\/?p=4248"},"modified":"2021-05-25T13:22:44","modified_gmt":"2021-05-25T13:22:44","slug":"gdp-rate-not-reflective-of-manufacturing-sector-reality-lcci-dg","status":"publish","type":"post","link":"https:\/\/carlcon.com\/old\/2021\/05\/25\/gdp-rate-not-reflective-of-manufacturing-sector-reality-lcci-dg\/","title":{"rendered":"GDP rate not reflective of manufacturing sector reality \u2014 LCCI DG"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/carlcon.com\/wp-content\/uploads\/2021\/05\/lcci-kicks-1024x585-1.jpg\" alt=\"\" class=\"wp-image-4249\" width=\"753\" height=\"430\" srcset=\"https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/lcci-kicks-1024x585-1.jpg 1024w, https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/lcci-kicks-1024x585-1-300x171.jpg 300w, https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/lcci-kicks-1024x585-1-768x439.jpg 768w, https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/lcci-kicks-1024x585-1-600x343.jpg 600w\" sizes=\"(max-width: 753px) 100vw, 753px\" \/><\/figure>\n\n\n\n<p>The Lagos Chamber of Commerce and Industry (LCCI) has said that the 2021 first quarter 0.40 per cent Gross Domestic Product (GDP) increase, though a pleasant surprise, is not reflective of the manufacturing sector current realities.<\/p>\n\n\n\n<p>Dr Muda Yusuf, Director-General, LCCI, said this in reaction to the National Bureau of Statistics (NBS) GDP Q1 2021 report on Sunday, in Lagos.<\/p>\n\n\n\n<p>According to the report, the nation\u2019s GDP rose from 0.11 per cent in fourth quarter of 2020 to 0.51 per cent in first quarter of 2021, translating to a 0.40 per cent increase.<\/p>\n\n\n\n<p>Yusuf said the recovery of the manufacturing sector from a negative growth territory in Q4 2020 to a positive growth level of 3.4 per cent in Q1 2021 was a pleasant surprise.<\/p>\n\n\n\n<p>He noted that the sector had been grappling with an unprecedented foreign exchange illiquidity crisis over the past few months.<\/p>\n\n\n\n<p>The LCCI Director-General said that structural, irregular policies, institutional and macroeconomic challenges had also bedevilled the sector.<\/p>\n\n\n\n<p>As a result, the LCCI DG stressed that the NBS data did not reflect the reality of the experiences of most manufacturers&#8230;&#8230;&#8230;&#8230;..TO CONTINUE READING CLICK ON <a href=\"https:\/\/thefreezonechannel.com\/gdp-rate-not-reflective-of-manufacturing-sector-reality-lcci-dg\/\">https:\/\/thefreezonechannel.com\/gdp-rate-not-reflective-of-manufacturing-sector-reality-lcci-dg\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lagos Chamber of Commerce and Industry (LCCI) has said that the 2021 first quarter 0.40 per cent Gross Domestic Product (GDP) increase, though a pleasant surprise, is not reflective of the manufacturing sector current realities. Dr Muda Yusuf, Director-General, LCCI, said this in reaction to the National Bureau of Statistics (NBS) GDP Q1 2021<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[21],"tags":[],"_links":{"self":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4248"}],"collection":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/comments?post=4248"}],"version-history":[{"count":1,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4248\/revisions"}],"predecessor-version":[{"id":4250,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4248\/revisions\/4250"}],"wp:attachment":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media?parent=4248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/categories?post=4248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/tags?post=4248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}