Nigeria-British Chamber of Commerce Trade Mission Summit: A Resounding Success

A Key Event Fostering Trade and Investment Opportunities Between Nigeria and the UK

London, June 25, 2024 – The Nigeria-British Chamber of Commerce (NBCC) hosted a highly successful trade mission summit at the Hilton Kensington Hotel, aimed at fostering trade and investment opportunities between Nigeria and the United Kingdom. The event saw participation from distinguished guests, influential speakers, and key financial supporters, all contributing to vibrant discussions on enhancing economic ties between the two nations. The summit was graced by high-profile speakers including Yemi Cardoso, Governor of the Central Bank of Nigeria, who was represented by the Bank's Deputy Governor, Financial System Stability, Mr. Philip Ikeazor, and Deputy Governor Bala Muhammad Bello. The Acting High Commissioner of Nigeria to the United Kingdom, Amb. Madugu, was ably represented by Mr. Bello Jaye, Minister/Head Trade and Investment Section. Other notable attendees included Mrs. Sarah Howard, Chair of the British Chamber of Commerce, and Mr. David Smith, Chair of BABA. Hon. Comm. Comrade Ini Ememobong, Commissioner of Information for Akwa Ibom State, also honored the event with his presence.

The event received robust support from leading financial institutions including FidBank, Access Bank UK, and First Bank UK. Their involvement underscored the significance of financial partnerships in driving bilateral trade and investment. The summit featured engaging panel discussions on pivotal topics such as the impact of the recapitalization of Nigerian banks and strategies for managing businesses during economic downturns. These discussions provided valuable insights into the current economic landscape and highlighted the importance of robust financial strategies.

A major highlight of the event was the focus on Small and Medium-sized Enterprises (SMEs) and their crucial role in driving economic growth. Several sessions were dedicated to exploring the opportunities and challenges faced by SMEs, offering a platform for knowledge exchange and potential collaborations. Networking events and breakout sessions provided participants with ample opportunities to build connections and discuss potential collaborations. These interactions were instrumental in fostering a spirit of partnership and mutual growth between Nigerian and British businesses.

The successful organization of the summit was made possible through the diligent efforts of the NBCC leadership. Special thanks are due to the Director-General of the Chamber, Dr. Ebere Njoku, the Chamber President, Mr. Ray Atelly, and the indefatigable Ms. Kasham Musa Iliya, the Executive Secretary of the Chamber. The Nigeria-British Chamber of Commerce Trade Mission Summit marked a significant step towards strengthening bilateral trade relations and supporting economic growth. The event concluded on a high note, with participants expressing optimism about the future of Nigeria-UK trade and investment partnerships.