The Lagos Chamber of has recommended economic intelligence and industry insights for the business community as instruments for decision making and taking action, in the present uncertain economic situation.
The President/Chairman of the Council, Engr Leye Kupoluyi made the recommendation at the opening of the Chamber’s 2026 Mid-year Economic Review and Outlook Conference, on Wednesday.
The variables of uncertainty according to Kupoluyi include: supply chain disruptions, tariff wars, geopolitical tensions, fluctuating oil prices, and the threat of food security crises.
While noting that the meeting held amidst defining moments, the LCCI chair stressed that the year 2026 has seen mixed trends across reform, resilience, and ongoing reforms, adding that the past few years have tested households, businesses, and institutions alike.
Kupoluyi stated: “Yet history teaches us that economies do not transform in moments of comfort, but in periods of challenge, when difficult choices are made, reforms are sustained, and confidence is deliberately rebuilt.
“We are quite fortunate to have the breed of speakers here today to look at various topics on the economy. I am simply welcoming you, the participants, and allowing them to take their turns and give their professional presentations as always.
“The LCCI remains unwavering in its belief that sustainable economic growth must be private-sector-led, productivity-driven, and people-centred”
He assured that in line with this conviction, LCCI advocacy will continue to prioritize the improvement of the ease of doing business and regulatory efficiency; the strengthening of micro, small, and medium-scale enterprises as critical engines of employment, innovation, and inclusion; the enhancement of trade facilitation, logistics, and industrial competitiveness; and the promotion of digital transformation, skills development, and innovation.
Kupoluyi encouraged participants to engage boldly, think strategically, and act collaboratively, stressing that Nigeria’s economic future will not be determined solely by policies, but by the quality of partnerships among government, business, and society.
LCCI boss affirmed that the conference remains one of the most respected platforms in Nigeria for rigorous economic dialogue, evidence-based policy engagement, and forward-looking conversations about the nation’s economic future.
“Your presence today is a deep affirmation of the private sector’s commitment to shaping Nigeria’s growth trajectory, not as spectators, but as active partners in national development discourse” Kupoluyi restated.
The Conference was graced by the CEO, Economic Associates (EA) Dr. Ayo Teriba, as the Lead Speaker; Special Adviser to the President on Economic Affairs, Dr Tope Fasua, Founder & CEO, Center for Promotion of Private Enterprise (CPPE) & Former DG, LCCI, Dr. Muda Yusuf, Founder & Chief Consultant, B. Adedipe Associates Limited (BAA Consult) & Chairman, LCCI Economic & Statistics Committee, Prof. Biodun Adedipe, Chief Economist, First Bank of Nigeria Limited, Chinwe Egwim and Senior Manager, Tax and Regulatory Services, Forvis Mazars Nigeria, Oluwatobi Olafaju, as Keynote Speakers.
Others are: Olu Esan, West Africa Energy, Resources and Industrials Industry Leader, Deloitte, attended as Moderator and LCCI Director-General, Dr. Chinyere Almona.
