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LCCI upbeat on economic recovery amid difficult times


LCCI President, Mrs. Nike Akande

The Lagos Chamber of Commerce and Industry (LCCI) has expressed confidence in the Nigerian economy despite harsh difficult times currently being experienced by different sectors of the nation.

The president, LCCI, Dr. Nike Akande, explained that these are not the best of times for Nigeria, but optimistic that Nigeria remains a destination for Foreign Direct Investments (FDIs) and a ready market for emerging global businesses.

The LCCI president during its new members’ induction ceremony, said as a public advocacy group for the Organised Private Sector (OPS), it would continue to lend its voice and create platforms for OPS to chart the way forward for the Nigerian economy.


In her words: “The membership has been increasing and this shows that we are doing something right to protect our existing members by helping them with their businesses. We have been doing a lot to encourage people. These are not the best of times, but we believe businesses will improve. As LCCI, we have the opportunity to interact with the government because we know where the shoe pinches and thank God we have a listening government.”

According to her, the increase in size of its membership is a reflection of the fact that the chamber is being appreciated by the business community.She however reiterated that the primary objective of the chamber is to promote and protect the interest of its members and the business community at large through public policy advocacy, creation and facilitation ‎of commercial and industrial opportunities, provision of business development services and observance of highest standards of business ethics.

Akande also enjoined the new members to be committed to the ideals of high ethical standards and responsible corporate citizens.Also speaking at the event, the chairperson, membership and welfare committee, Mrs. Toki Mabogunje, ‎said the induction will be exposing some of its members into the new growth sectors of the economy especially at a time when the federal government is focusing on the non-oil sector.

She said the new members have successfully fulfilled all obligations and have been deemed fit to join its revered chamber.She added that since last year, a total of 465 companies have joined the chamber, stating that the chamber welcomes new companies taking cognizance of the reputation and integrity of the chamber

“The number of companies to be inducted today is 116 and the fact that we are growing in leaps and bound as a chamber, it is making us more beautiful, we are having more impact and the government is listening. With this kind of engagement, Nigerians should only expect positive growth,” she said.

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LCCINike Akande
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