The Lagos Chamber of Commerce and Industry (LCCI) has elected Engineer Leye Kupoluyi as its new President and Chairman of the Council, following the successful completion of Mr. Gabriel Idahosa’s tenure.
The announcement was made by the Director-General of the LCCI, Dr. Chinyere Almona, who confirmed that Mr. Kupoluyi was elected after a duly conducted poll during the Chamber’s 137th Annual General Meeting on Thursday.
Dr. Almona described the new leader as an accomplished professional with an exceptional record across engineering services, trade promotion, and industry development. “We are delighted to welcome Kupoluyi as president of the LCCI,” she said. “We are confident that his presidency will further strengthen the chamber’s role as a leading advocate for sound business policies and practices, while advancing the interests of our members and the broader business community.”
The election reflects the chamber’s recognition of his dedication to its ideals and its crucial policy advocacy efforts, aimed at promoting a thriving environment for Nigerian businesses.
Mr. Kupoluyi takes the helm at a particularly challenging time for the nation’s commercial hub. The Lagos business community is currently struggling with crippling inflation, erratic foreign exchange rates, and persistently high energy costs, which together have eroded profit margins and made manufacturing difficult.
In a recent communication, the Chamber highlighted that the priority of the new leadership must be to secure government action on fiscal stability. Analysts view the LCCI’s role as vital in bridging the gap between economic policy formulation in Abuja and the harsh realities faced by businesses in Lagos.
An economic policy advisor, commenting on the transition, noted that the new President’s engineering background could be beneficial, stating: “The immediate focus must be on technical solutions to lower the cost of doing business, particularly around energy and logistics. The LCCI must press for policy coherence to provide certainty for manufacturers and traders, which is essential to reviving the investment climate in Lagos.”
The hope is that Mr. Kupoluyi’s experienced leadership will enable the LCCI to intensify its efforts, ensuring that government policies directly address the immediate pain points of the business community, helping to convert economic reforms into tangible stability and growth.
