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Home Chambers & Associations

NBCC, NEPC seek foreign investment at UK trade mission

byCustoms Today Report
02/11/2015
in Chambers & Associations
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ABUJA: Nigerian-British Chamber of Commerce (NBCC) and the Nigerian Export Promotion Council (NEPC) have concluded arrangements to lead a delegation of 40 business executives on a five-day trade mission to the United Kingdom between November 2 and 6.  The aim is to attract foreign investment to the country with focus on multi sectors, particularly the non-oil products and services.

NBCC President, Prince Dapo Adelegan, in a statement in Lagos, stated that the Chamber was committed to increasing trade relations between Nigeria and Britain. He said the Chamber’s partnership with NEPC was to enhance its drive to attract UK investors to different states in Nigeria during the UK trade mission. He pointed out that the trade mission will provide opportunities for state governors to showcase the investment potential in their various states.

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Adelegan said: “During the trip, premium members of the chamber and other delegates will have a face-to-face interaction with high level business leaders in the UK, trade related government officials, and a number of UK-based Chambers of Commerce.” He described Nigeria as one of the best destinations for business with its position as the biggest economy in Africa, having enjoyed political stability in the past few years.

The NBCC boss noted that the highlight of the mission will be the presentations from the Fashion Designers Association of Nigeria (FADAN) and the Committee for Relevant Art (CORA). He said they will participate in a-two-day ‘Made in Nigeria Exhibition’ organised to showcase made-in-Nigeria products.

NBCC has in the past partnered the United Kingdom Trade and Investment (UKTI), a joint effort that has translated to the steady growth of trade relations between the two countries, with trade volume increasing from £4 billion to £8 billion between 2010 and 2014.

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