Economic Growth Must Be Private-Sector-Led, Productivity-Driven, People-Centred –Kupoluyi

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Ikechi Nzeako

Engr. Leye Kupoluyi, president/Chairman of Council of the Lagos Chamber of Commerce and Industry (LCCI), has said that economic growth must be private-sector-led, productivity-driven and people-centred in Nigeria.

Speaking at the “LCCI 2026 Economic Review and Outlook Conference” in Lagos, he said that the advocacy of the chamber 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.

He also stated the organization will lay emphasis on enhancement of trade facilitation, logistics, and industrial competitiveness, promotion of digital transformation, skills development, and innovation.

He said that the annual gathering 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.

According to him, in the face of rising uncertainty, supply chain disruptions, tariff wars, geopolitical tensions, fluctuating oil prices, and the threat of food security crises, the business community needs economic intelligence and industry insights to inform decisions and take action.

Kupoluyi posited that the past few years have tested households, businesses, and institutions, adding that “history teaches 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.”

He argued that Nigeria’s economic future will not be determined solely by policies, but by the quality of partnerships among government, business, and society.

Dr. Ayo Teriba, CEO, Economic Associates (EA), was the lead speaker; keynote speakers were Dr. Tope Fasua, Special Adviser to the President on Economic Affairs; Dr. Muda Yusuf, Founder & CEO, Center for Promotion of Private Enterprise (CPPE) and former DG, LCCI; Prof. Biodun Adedipe; Founder & Chief Consultant, B. Adedipe Associates Limited Consult and Chairman, LCCI Economic and Statistics Committee; Ms. Chinwe Egwim, Chief Economist, First Bank of Nigeria Limited.

Other speakers were Mr. Oluwatobi Olafaju, Senior Manager, Tax and Regulatory Services, Forvis Mazars Nigeria; and the moderator was Mr. Olu Esan, West Africa Energy, Resources & Industrials, Industry Leader, Deloitte.

Dr. Chinyere Almona, Director-General, LCCI, was also at the event.