TRALAC - Trade Law Centre

Nigerian-American chamber optimistic of business growth in 2018

Sunday, 17 December 2017 Published: | Ibrahim Apekhade Yusuf

Source: The Nation Online

The Nigerian-American Chamber of Commerce (NACC) has expressed optimism that the business environment for the 2018 would be more promising compared to the outgoing year.

Giving this assurance at the weekend was the National President of NACC, Olabintan Famutimi. He spoke during the annual dinner dance of the Chamber in Lagos.

Earlier, the Chamber boss had reassured Nigeria would not miss out again on the African Growth and Opportunity Act (AGOA), a legislation he said would enhance market access to the United States for qualifying sub-Saharan African (SSA) countries.

“We have done a lot of training, workshops, sensitisations, we have participated in international foray and we have worked effectively with the United States Aid for International Development (USAID) as we signed, we set up the centre and put a manager under desk and part of the money to set up that desk was provided by the USAID, we are moving and we are showing results already.”

The Chamber, Famutimi noted, had contributed to the government policy in the Executive Order.

Specifically, he said the Chamber had achieved among other things the breakfast meetings on ease of doing business, activities of the AGOA programme which according to him has become the focus of driving business in the country and setting up AGOA at the secretariat, and the small and medium enterprises financing conference in partnership with the American Embassy.

According to him, the Chamber creates value for members continuously and facilitates business-to-business relationships adding the services offered to members include the organisation of trade missions into the two countries, sponsorship of trainings, conferences and seminars addressed by leading authorities in different fields, affording members and non-members a platform for the discussion of topical issues affecting the economy in general.

He assured that the Chamber would continue to promote the development of trade, commerce, investment and industrial technological relationships between the public and private sectors of the country and the United States. It would also encourage relationships with other Chambers of Commerce in Nigeria and the US as well as promote the establishment of chapters of the chamber throughout Nigeria among others

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