NACCIMA to promote foreign investment opportunities in Nigeria

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The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) says it has upgraded its business information unit for the benefit of prospective investors in Nigeria.

The National President of NACCIMA, Dr Bassey Edem, represented by the first Deputy National President, said this at the 2016 Polish-Africa Economy Forum in Abuja on Thursday.

Edem said that in a bid to promote investment opportunities in Nigeria, NACCIMA had hosted numerous foreign business and economic delegations.

He said that the delegation had translated into the establishment of mega business in the country.

Edem said that NACCIMA had been able to improve on its commercial and industrial cooperation with other countries to showcase Nigerians potential and attract foreign investment into the country through economic missions abroad.

He explained that it had entered into many cooperation agreements with foreign chambers of commerce and business enterprises to promote economic activities.

He added that its organisation was willing to facilitate further trade promotion with other foreign counterparts for them to take advantage of the business opportunities inherent in Nigeria.

According to him, NACCIMA will be ready to champion the advancement of trade relationship of Poland with other African countries.

The President said that the trade relationship between Poland and Africa was yet to fully develop, considering the enormous potential in African countries.

“You may also wish to note that most African countries like Nigeria are undergoing economic reform programmes that are beneficial to foreign investors,“ he said.

He explained that Africa and Nigeria in particular, were the next destination for global economic prosperity.

“The choice of Nigeria as the host country confirmed the role of Nigeria as the largest economy in Africa and the 26th in the world with future forecast of being among the 20 leading economy in the world by the year 2020.“

The President said there were tremendous opportunities for would investors to invest in Nigeria.

According to him, opportunities abound in mechanised agriculture and agribusiness; manufacturing, with areas like metal fabrication; chemical and petrochemicals; iron steel; non metallic building materials, ceramics, bricks and glass.

Other areas of investment opportunities include biotechnology, plant machinery manufacturing, leather production, paper production and food processing.

He said that a tourism policy that investor friendly had been put in place to encourage foreign and private sector participation in the hospitality industry.

Edem said government had installed more than 15,000 kilometre transmission and distribution lines .

He said that major business and investment existed in the transmission and distribution, solar energy development, electricity meters and transformers.

Highpoint of the forum was the signing of a memorandum of understanding between NACCIMA and the institute, the organisers of the forum (NAN)