Foreign Exchange Stability Key to Restoring Investor Confidence in Nigeria, Says BCI President
Dr. Adesola Falaiye, President of Business Club Ikeja (BCI), has emphasized that sustained stability in Nigeria’s foreign exchange market is critical for restoring investor confidence and enabling businesses to plan and expand effectively. Speaking at the club’s 30th anniversary and 2026 New Year celebration in Ikeja, Falaiye stressed that predictability in the forex regime would reduce operational uncertainty and encourage long-term investment across sectors.
The event, held at the BCI Club House in Alausa, brought together business leaders, entrepreneurs, and professionals to celebrate three decades of resilience, collaboration, and relevance in Nigeria’s challenging business environment. Falaiye noted that the anniversary theme, “New Year, New Heights,” symbolizes the club’s commitment to growth and its ability to thrive despite economic uncertainties.
Founded in 1991 and formally registered in 1996, BCI has evolved from informal office meetings into a structured institution with a permanent clubhouse and a growing presence in Lagos’ commercial ecosystem. Dr. Bamidele Makanjuola of the Board of Trustees highlighted the club’s survival through difficult periods, including the COVID-19 pandemic, and encouraged companies in Ikeja, Ilupeju, and Papa Ajao districts to re-engage with the club’s activities.
Speakers and award recipients at the event underscored BCI’s role as a platform for networking, mentorship, and collective advocacy. Group Managing Director of Reals Pharmaceutical Limited, Pharm. Ade Popoola, highlighted how the club helps members navigate shared challenges, including foreign exchange volatility and customs bottlenecks, while Ambassador Kola Aderibigbe called for a focus on leadership, collaboration, and capacity development to position BCI for future opportunities.
The celebration also recognized past presidents, including the late Ambassador (Dr.) Christopher Kolade (CON), for their foundational contributions. Falaiye urged members to recommit to strengthening the club’s impact through advocacy, mentorship, and sustainable growth initiatives, ensuring that BCI remains a relevant business institution for future generations.
source: Leadership