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LCCI committee sets new strategy priorities (Page 491)

By Rukayat Moisemhe

Strategy advisory committee of Lagos Chamber of Commerce and Industry (LCCI) has outlined priority policies, emerging risks and new strategic pillars to strengthen advocacy and value creation.

Committee Chairman, Mr Olaniyi Yusuf, disclosed this on Thursday in Lagos during a draft blueprint presentation for 2026–2027.

The document was presented to the new LCCI President, Mr Leye Kupoluyi.

Yusuf said the initiative aimed to boost member performance and support businesses facing global and domestic economic uncertainty.

He noted that Nigeria’s business climate demanded long-term planning, stronger governance structures and deeper engagement with emerging business leaders.

He added that global volatility persisted due to rising energy costs, inflation and geopolitical tensions.

Yusuf said these trends affected Nigeria’s trade environment, capital flows and investment patterns.

He stressed that insecurity, high debt and inflation continued to undermine competitiveness.

“Although GDP growth is projected at four per cent, structural challenges still limit expansion, even as trade balance and exchange rate stability show modest gains,” he said.

Yusuf said the committee benchmarked LCCI’s performance against other chambers and associations across Africa and beyond.

He noted rising competition from niche groups offering export incubation, certifications, SME support and specialised promotions.

He said many organisations had also expanded into areas once dominated by LCCI.

Yusuf said key findings included strengthening governance, refining member value and attracting younger business leaders.

He added that other priorities were expanding markets, enhancing capacity, deepening partnerships and diversifying funding.

“Each pillar will be driven by technology, collaboration and evidence-based engagement.

“We recommend a stakeholder session to align leadership and produce stewardship reports to improve transparency,” he said.

Yusuf said the renewed strategy would help modernise operations, strengthen LCCI’s franchise and deliver greater value to businesses.

Vice Chairman, Mrs Layo Bakare-Okeowo, said the committee aimed to harness more opportunities beyond trade fair revenue.

She added that the committee was always open to further collaboration.

Responding, Kupoluyi said the findings would guide his tenure and strengthen council decisions.

He commended the committee’s work and promised continued engagement to advance the chamber’s mandate. (NAN) (www.nannews.ng)

Edited by Kamal Tayo Oropo

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LCCI committee sets new strategy priorities (Page 491)