The strategy advisory committee of Lagos Chamber of Commerce and Industry has outlined priority policies, emerging risks and new strategic pillars to strengthen advocacy and value creation.
Committee chairman Olaniyi Yusuf disclosed this on Thursday in Lagos during a presentation of a draft blueprint for 2026โ2027.
The document was presented to the new LCCI president, Leye Kupoluyi.
Mr Yusuf said the initiative aimed to boost member performance and support businesses facing global and domestic economic uncertainty. He noted that Nigeriaโs 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. Mr Yusuf said these trends affected Nigeriaโs trade environment, capital flows and investment patterns.
He stressed that insecurity, high debt and inflation continued to undermine competitiveness.
โAlthough GDP growth is projected at four per cent, structural challenges still limit expansion, even as trade balance and exchange rate stability show modest gains,โ he said.
Mr Yusuf said the committee benchmarked LCCIโs 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.
Mr 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.
โEach 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,โ he said.
Mr Yusuf said the renewed strategy would help modernise operations, strengthen LCCIโs franchise and deliver greater value to businesses.
Vice-chairwoman 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, Mr Kupoluyi said the findings would guide his tenure and strengthen council decisions. He commended the committeeโs work and promised continued engagement to advance the chamberโs mandate.
(NAN)
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