1. LCCI OVERSEAS MEMBERSHIP INFORMATION.
2019

2. Macroeconomic Snapshot – Nigeria
 Indicator
2015
2016
2017
2018
2019f
2020f
Nominal GDP (US$, Billions)
493.8
406.0
376.4
397.3
444.9
496.1
Real GDP Per Capita (US$)
2763.2
2210.6
1994.6
2049.1
2233.5
2423.8
Real GDP Growth (%)
2.8
-1.6
0.86
1.94
2.15
2.54
Real GDP Per Capita Growth (%)
-0.1
-4.2
-1.9
-0.8
-0.9
Unemployment Rate (%)
10.4
14.2
18.8
23.1 NA
Current Account Bal. (% of GDP)
2.76
2.139
-0.35
-0.203
-0.129
0.146
Inflation (CPI, %)
9.6
18.6
16.5
12.09
11.70
11.73
Government Revenue (% of GDP)
7.6
4.8
5.7
5.9
6.1
6.5
Government Expenditure (% of GDP)
11.1
9.3
10.7
10.2
10.1
Exchange Rate (N/$)
193.28
253.49
305.79
306.08
Interest Rate (MPR, %) 11 14
IMF World Economic Outlook April 2019 Edition

3. …Opportunities from GDP Numbers
In terms of Sector contribution to GDP. Agric, Manufacturing, Real Estate, Trade, ICT and Oil sector contribute about 80 percent to GDP. This also represents sectors potential investors

4. Opportunities from Population Size
The size of Nigeria’s Population is her major strength as this represent large market size and opportunities for investors. The Nigeria’s Population largely dominated by youth as shown in the chart above.
The country is expected to be the third most populous country in the world by 2050, this represent opportunities to potential investors as there would be need for aggregate supply to match up with the skyrocket increase in demand in Nigeria.
182.2m
Source: United Nations Department of Economic and Social Affairs

5. Introducing LCCI
The Premier Chamber of Commerce in Nigeria & West Africa
Second in Africa ( After Cape Town)
Founded 1888

6. Our Track Record /Timelines
Landmarks
Key Achievement
1st President of the Chamber.
Pressed for the passing of Product adulterations Act and achieved a 1% product adulteration.
First African President of the Chamber
Chamber incorporated as a non-political and non -profit making body limited by guarantee under the companies act of 1948.
Championed the formation of Association of Chambers of Commerce Industry Mines and Agriculture in Nigeria (NACCIMA)
First Nigerian post- Independence President;
Initiated and created FEWACC, Federation of West African Chambers of Commerce.
LCCI president as the only African on the of ICC, international Chambers of committee executive board
Initiated Ecobank translational establishment.
LCCI organized the first trade fair (a responsibility passed down through NACCIMA in 1986)
1986
Lagos International Tradefair Emerged
1988
LCCI Celebrate 100 years of existence
2013
Commenced the publication of the Nigerian Business Confidence Index (BCI);
Commenced LCCI Member’s Day

7. Entrepreneurship Development
Our Ranking
Key Activities
Advocacy
No1
Number one voice of the private sector for improved business environment
Trade Promotion
No1
Best and biggest in trade promotion, Expo & Fairs and frequent trade missions
Membership
Large
Undisputed Largest Business BMO in Nigeria
Entrepreneurship Development
Top
Most referenced business education and entrepreneurship Scheme
Research & Buz. Consult
Power
House
Power House for research, market intelligence and business consult in Lagos

8. Some Benefits of the Overseas Membership
Free Access to Federal Government Tenders
Free Access to Business Information Services available to members
Guidance into the Local Market
Hand Holding Services
Business Development Support Services.
Plans for virtual office facilities (in-view)

9. Some Benefits of the Overseas Membership
DISCOUNTS: Enjoy discounts for various products and services
NETWORK: Access to the biggest business Networking platform in Nigeria
VISIBILITY : Brand visibility
VOICE: The Chamber advocates on your behalf. Tell us about your business challenges.
CREDIBILITY : Chamber Membership Is Respected In The Business Community.

10. Overseas Membership Nigeria is the largest economy in Africa
Nigeria also has a population of over 200 million people
Providing massive opportunity for investment and ROI
AGAINST THE ABOVE BACKGROUND.
LCCI designed the overseas membership to provide Nigerians in Diaspora & interested foreigners opportunity to contribute to the economic development in Nigeria & also reap attendant benefit in good returns on investments (ROI)

11. Requirements
Registered business overseas / operating a business overseas.
Nigerian or foreign owned businesses.
Membership is corporate.

12. Membership Categories & Fees
Two main categories of Membership.
SME Category = staff or
Multinational /Large Corporates = 50 staff and above
Total fees is one off payment , only subscription is annual payment.
Membership Fees ($)
Membership Category
Registration
Development Levy
Subscription
Total
SME
250
500
1000
Multinational /Large Corporates
350
800
1500

13. Benefits Policy Advocacy Trade Documentation
issuance of Certificate of Origin
Endorsement of Business Document.
Letters of introduction to Government & Ministries, Departments & agencies of Government.
Arbitration, Mediation and Conciliation
Overseas members will enjoy the services of the Lagos Chamber Arbitration Centre for conflict and dispute resolution.
Legal Support and Advisory Services
Hand holding Services to help them meet Government requirements.

14. Benefits of Overseas Membership
Networking Opportunities
• Increase Network and Contact within Nigeria.
• Member referral service
Discount for participation at the Lagos International Trade Fair
Discount on participation fees in the annual Lagos International Trade Fair, organised by the chamber. This discount ranges between 2.5% and 10%, depending on the membership category.
Intervention on behalf of members with relevant Government agencies at various levels from Local, State & Federal Government.
Use of Chamber facilities at reduced or no cost e.g. Chamber board room, training halls, projectors etc.
Access to Federal Government tender information for contract through the Chamber.
Access to Chamber ‘s Business Information Services.

15. THANK YOU THANK YOU Dr. Vincent Nwani
Established in 1888, the Lagos Chamber of Commerce and Industry (LCCI) is the foremost and largest private sector group in Nigeria with over 2,500 corporate members, accounting for an estimated 60% of industrial output, 65% of general commerce and 75% of financial services in the country.
For more Feedback, contact LCCI:
Commerce House
1 Idowu Taylor Street,
Victoria Island,
Lagos - Nigeria
Tel: , ,
THANK YOU
Dr. Vincent Nwani
THANK YOU