LCCI To FG: Position Nigeria As Regional Artificial Intelligence Hub
Lagos Chamber of Commerce urges coordinated AI strategy, stronger infrastructure and regulation to position Nigeria as regional artificial intelligence hub.
Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to deliberately launch a coordinated and strategic approach that would position Nigeria as a regional hub for Artificial Intelligence (AI).
The call was made yesterday in Lagos by President of LCCI, Mr. Leye Kupoluyi, during the chamber’s press conference on the “State of the Economy.”
Kupoluyi said, “The chamber urges the federal government to deliberately position Nigeria as a regional hub for artificial intelligence (AI) through a coordinated and strategic approach that integrates policy formulation, infrastructure development, human capital investment, and private sector participation.
“This will require establishing a clear national AI framework, accelerating investment in digital and power infrastructure, developing targeted AI-ready skills, and creating an enabling regulatory environment that encourages innovation, attracts investment, and supports responsible AI adoption.”
He said market expectations for a moderate interest rate cut were likely to shape the next Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) decisions.
According to him, “Further easing of the Monetary Policy Rate (MPR) could help reduce business operating costs and cushion the cost-of-living pressure on low- and middle-income households.”
LCCI also urged CBN to maintain clear, transparent, and predictable policy communication to anchor inflation expectations and reduce speculative pressures.
Kupoluyi stated, “Stronger coordination between monetary and fiscal authorities remains essential to boost production, stabilise markets, and support economic agents.
“Finally, the government should prioritise increasing agricultural production, improving food distribution, and providing targeted support for critical supply chains.”
He pointed out that strengthening infrastructure, ensuring stable energy and transport costs, and maintaining exchange-rate stability will further ease food prices, protect household purchasing power, and create conducive environment for investment and economic growth.
companies to continue their operations and remain formal with the tax authorities following the implementation of the new tax laws.
“We see the process as an essential reform to update the fiscal framework, enhance competitiveness, and increase revenue. However, successful implementation requires clarity, transparency, collaboration, and business-focused execution to achieve economic benefits without stifling growth,” Kupoluyi said.
