By Franklin Alli & Naomi Uzor
Asiwaju Solomon Onafowokan will today bow out as the President of Lagos Chamber of Commerce and Industry.Â He will be succeeded by hisÂ Deputy President Otunba Femi Deru.
The Chamber also clocked 121 years today.
A statement from the Chamberâ€™s Secretariat, signed by its image maker, Mr. Tope Oluwaleye,Â Tuesday , said that Deruâ€™s investiture as the new President will take placeÂ at the Chamberâ€™s annual AGM / Dinner holding at Lagos Sheraton Hotel and Towers, Ikeja.
Deru, will run the affairs of the Chamber for the next two years as the President, the statement said.
Onafowokanâ€™s tenure as the 120th President of the Chamber recorded several milestones in the history of the premier chamber.
A glimpses of his administrationâ€™s achievements showed that Onafowokan took the Chamber to an elevated position. Some projects credited to his administrationâ€™s score cards is the multimillion naira LCCI Conference and Exhibition Centre, Alausa in Ikeja., the acquisition of a new site for the hosting of the chamberâ€™sÂ annual Lagos International Trade Fair, to mention but a few.
The Chamber was established for the purpose of promoting and protecting the interest of its members and the business community at large through public policy advocacy, creation and facilitation of commercial and industrial opportunities among others.
The Chamber currently has a membership strength of over 1,500. Analyst saysÂ LCCI is the most active chamber of commerce in the country in terms of membership strength, policy advocacy, organisation of seminar and workshops, bilateral relations, etc.