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LCCI asks members to re-evalute operations, business models for new normal

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The Lagos Chamber of Commerce and Industry (LCCI), has tasked its members on the need to re-evaluate their operations and business models to operate efficiently in a post-pandemic economy.

Noting that the Chamber had already re-aligned its strategy to broaden its scope of services and policy advocacy, the LCCI urged business owners to also adjust their models for efficiency and profitability.

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Similarly, members were advised to adhere to professional and high ethical standards to achieve profitability and sustainability in their business operations.

According to the LCCI President, Mrs Toki Mabogunje, businesses have obligations that transcend profit-making, noting that adequate attention to the integrity of business transactions and practices is key to ensuring business continuity and profitability.

Mabogunje during the first virtual induction ceremony added that the Chamber believes so much in adopting ethical behaviour and fairness in carrying out business dealings with members, non-members, and the society at large, while also expressing the need for the Federal Government’s protection of the business environment.

“As a dynamic and progressive institution, I am delighted to inform you that the LCCI, recently, bagged the ISO 9001:2015 certification. To date, the LCCI is the first chamber of commerce and industry in Nigeria and the entire West Africa sub-region to receive such global recognition of quality management systems,” she added.

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She said the objective of the Chamber is encapsulated in its mission 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, and provision of business development service and observance of the highest‎ standard of business ethics.

She, therefore, enjoined the newly-inducted members to be committed to the ideals of high ethical standards and responsible corporate citizenship.

According to her, the Chamber has gone a long way to build its present image and credibility through the vision, selfless services, and integrity of its illustrious founding fathers and their worthy successors.

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Earlier, the Vice President and Chairman, Membership, and Welfare Committee, LCCI, Mrs Mojisola Bakare, urged the new members to be guided by the Chamber’s governance framework having been inducted as latest ambassadors.

About 50 members were inducted alongside mentees for the Chamber’s mentorship programme.

She reiterated that effective Chamber governance rests upon an institutional framework that promotes fairness, transparency, accountability, and responsibility in the private and public spheres, consistent with the rule of law.

“The Lagos Chamber is not only part of a global business network but also reengineered to meet the expectations of the business community in the new world as we know it. Kindly be assured that as you join the LCCI, ideally your membership will open doors into the international arena and the tremendous opportunities that abound therein for your businesses,” she added.

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