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PROFILE OF THE LAGOS CHAMBER OF COMMERCE AND INDUSTRY


BRIEF HISTORY
The Lagos Chamber of Commerce and Industry which was established in 1888 is the Premier Chamber of Commerce in Nigeria. It was incorporated in 1950 as a non-profit making organization, limited by Guarantee under the Companies Act of 1948. The Primary objective of the Chamber is to promote, support or oppose legislative or other measures affecting trade, industry, commerce and agriculture as well as represent the opinion of the business community on these matters in particular and the economy as a whole.

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THE CHAMBER TODAY
The Chamber has grown impressively from a membership of 14 in 1888 to about 1,500 today. Since its incorporation, the Chamber has continued to play a significant role in the economic growth of Lagos in particular and Nigeria in general through the promotion and development of commercial and industrial opportunities as its members control about 80% of the industrial wealth in the Lagos area, which itself accounts for over 60% of economic activities in Nigeria.

The Lagos Chamber is governed by a Council of 60 members. The Council, which is the supreme policy making organ of the Chamber, is headed by a President who is assisted by two Deputy Presidents, six Vice Presidents, a Treasurer and a Deputy Treasurer. The Current President is Asiwaju S.K. Onafowokan

Members join one or more of the 9 Sectoral Groups through which the bulk of the Chamber activities are performed. Moreover, For the purpose of policy formulation and decision making, the Chamber also has a number of service committees and Boards. Highest of the service committees is the Executive Committee which is next to Council in the Chamber’s structure and is composed of all officers of the Chamber. Next is the Finance and General Purposes Committee which oversees all matters connected with finance and personnel in the Chamber. Other service committees and Boards are as follows:

  • Membership & Welfare Committee

  • Trade Mission Committee

  • Trade Promotion Board

  • Business Education Services and Training (BEST) Board

  • Tenders Board

  • Economic & Statistics Committee

  • Science, Technology and Energy Committee

  • Building, Construction & Maintenance Committee

  • Ethics & Best Practices Committee

  • Committee of Women Leaders

  • Commercial Law& Taxation Committee

  • Public Affairs Committee

  • Arbitration Management Committee

  • Tourism, Hospitality & Entertainment Committee

Sectoral Group, Service Committee and Board Chairmen are members of the Council.
The Secretariat, which is the administrative and executive arm of the Chamber, contributes to policy formulation and is responsible for the implementation of approved policies and programmes. It is headed by a Director-General. The current Director-General is Sir Remi Omotoso FNIM; KJW
 

RELATIONS WITH GOVERNMENT AND OTHER RELEVANT BODIES
The Chamber, as the representative organ of the business community, is the voice of the organized private sector in Lagos. It maintains regular consultations with the government on policies and measures affecting business and economy.

At the national level, the Chamber is a leading and active member of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) When necessary, it makes representation to the Federal Government on issues of interest to the business community and the economy.

 


It has long established links with International Organisations such as the Federation of West African Chambers of Commerce, International Chambers of Commerce as well as direct contacts with other foreign Chambers of Commerce throughout the trading world and it can thus give world-wide service to its members, individually and collectively.

WHAT THE CHAMBER OFFERS

  1. As stated earlier, the Lagos Chamber of Commerce and Industry was established for the promotion and protection of Trade and Industry and to represent and express the opinion of the business community on matters affecting trade and industry in the city of Lagos, the Lagos Port Complex, Lagos State and where applicable, the whole Federation. It is a non-profit making organisation and its income and property are applied solely for the promotion of its objectives.
     
  2. It is the central organisation for collecting distributing and disseminating information of a business nature, especially regulations, tariffs, opportunities for trade and other matters affecting Home and Overseas markets.
     
  3. In the pursuit of its objectives, the Chamber is committed to no political creed.
     
  4. The Council of the Chamber is the highest policy making body and usually meets bi-monthly on the first Wednesday to deliberate on issues of importance to the Chamber, the business sector and the economy. Members, who are not individual members of the Council, are welcome to attend as observers.
     
  5. Standing Committees and Sectoral Groups were setup to cater for a variety of interests.
     
  6. Letters of introduction are issued to members or their representatives traveling abroad. The Chamber also facilitates networking with institutions abroad and confirms references of local members.
     
  7. Numerous directories, trade journals and periodicals from virtually every country in the world are available to members who may have access to such publications in the Chamber’s Library and Business Information Centre.
     
  8. Certificate of Origin are endorsed at a modest cost to members.
     
  9. Members receive the Chamber’s journals, Economy and Business and the “Nigeria Business Directory” Annually, members receive free the Chamber’s report for the year and up-to-date list of members.
     
  10. The Chamber’s publications are among the leading works of reference used by overseas business in connection with trade and investment opportunities in Nigeria.
     
  11. The Chamber is recognized as the official body through which local opinion on commercial and industrial matters can be presented directly to Government or other authorities both national and local. It is frequently consulted by government in advance of the preparation of new legislation affecting the business community.
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LCCI OVERVIEW 

 

Our Vision is:


"To remain the foremost Chamber of Commerce and Industry and a role model for others in delivering sound business ethics and qualitative services"



Our Mission:



"To promote and protect the interests 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 service and observance of highest standard of business ethics"
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 1 Idowu Taylor Street, Victoria Island, Lagos, Tel: 234-(1) 7746617, 7732305 Fax: 234-(1) 2701009

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