LCCI warns against political instability in upcoming Nigeria’s election

Lagos Chamber of Commerce and Industry

The Lagos Chamber of Commerce and Industry (LCCI) Thursday has warned against the Independent National Electoral Commission (INEC), political actors and other electoral agencies to refrain from activities that will create social tension in its upcoming general elections.

The president of LCCI, Mr Babatunde Ruwase while briefing the news men at the Commerce house in Victoria Island, Lagos stated that political and social stability are critical factors that drive investor’s confidence.

“There is a strong nexus between political instability and economic progress. An unstable political environment naturally escalates the risks of investments; it creates anxiety and undermines confidence of investors”.

“It is therefore pertinent to guide against the tendencies that may undermine the credibility of the electoral process and create avoidable social tension”. Ruwase stressed.

He further urged the political parties, their candidates, support groups and other stakeholders to play by the rules in order to ensure the integrity of the forthcoming general elections.

“The quality of the electoral process and the conduct of the major players in the political space are critical to earn the confidence of the citizens, the investors, the stakeholders and the international community in the electoral process”, Ruwase said.