Lagos – Muda Yusuf, Director General of the Lagos Chambers of Commerce and Industry (LCCI) has said that Nigeria would lose about $1.5 billion owing to the postponement of the general elections.

In a telephone interview with INDEPENDENT, Yusuf asserted that the country would loss nothing less than the said amount because of the shutdown of the economy for a day.

“We shutdown the economy for a whole day, that means the different output of the economy for a whole day is practically gone. We are talking about within the range of $1.5billion. Now even before today because of the election, the tempo of the economy activities has gone down,” he said.

The DG also noted that Friday for instance was more like an half day for many businesses.

“Yesterday for instance was more like an half day for many businesses, quite a lot of people have travelled from different parts to another location so that they can vote, that also came at a very huge cost to them.
“There is also the cost that has been expended by INEC; huge amount of money to mobilize people to different locations to support logistics, to get ad-hoc staff to move to different locations, these are huge national resources that have been committed; all that has been practically put to waste.

“So really, the cost has been horrendous on the economy and the sacrifices on the individuals and business has also been enormous,” he added.

https://www.independent.ng/election-postponement-nigeria-has-lost-1-5bn-lcci/amp/

The money no get meaning as long as we av enuf to dish out

What as d GAIN done to Nigeria before.

deomelo:
Throwing meaningless numbers around with zero facts and data is really rettarded.


People really need to get a grip and take a sit somewhere.

You are talking to consistuted authority.

Abeg make we hear word. Even if gain enter before has it ever affect a common man. Yeye

Buhari is a failure


Anything he touches loses value

Who will pay for all these. God punish APC and INEC

B

I just can't wait for the election to be over and everything returns to normalcy. I miss seeing varying front page topics to discuss. Nonetheless, Atiku will lose miserably next week. It will be a devastating loss for so many and I expect mass suicides. Buhari is not like Jonathan, historically it is very difficult to unseat a presiding president. God bless the Federal Republic of Nigeria and God bless President Buhari.

deomelo:
Throwing meaningless numbers around with zero facts and data is really rettarded.
People really need to get a grip and take a sit somewhere.

Look at them

Defending failure

Dhhh

deomelo:
Throwing meaningless numbers around with zero facts and data is really rettarded.


People really need to get a grip and take a sit somewhere.

If it doesn't suit your narrative, it will be termed fake. Partisanship has really dealt with your conscience walahi.

We are used to backwardness and lost since Buhari came in












Cant wait for AtikuObi to take over power next week

you people should bear it because here in weedland we lost close to #235bn stil on the same issue. our customers to buy weed nd get high to work for their masters couldnt come cos of the stunning news!

Lies

And other days they've gained nko? Why didn't we hear of it

people posting explicit images don't guys know this is a public forum, there is a lots of kids browsing nairaland.

This INEC news no even shock Nigerian's Arsenal fans. Dey are used to Saturday disappointment. �� �

This INEC news no even shock Nigerian's Arsenal fans. Dey are used to Saturday disappointment. �� �

Thank you Buhari

Nigeria under you makes money only to keep it in a pocket full of holes

The only victory that will be widely accepted and Jubilated is the victory of only one man among many, his name is Atiku Abubakar. Chai Nigeria will be painted blue and green that day, people will celebrate like its Christmas. Buhari leave us alone terrorist. Go back home and rest mbok.

shut up jare

[s]

musa234:
If it doesn't suit your narrative, it will be termed fake. Partisanship has really dealt with your conscience walahi.

[/s]




We are talking about facts and this ipob is shouting partisanship.


These Igbos sef.

Why can't they let women rule since the men have failed us?

Dullllard is a disaster