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D-8 Business Summit: NACCIMA takes over chairmanship for next two years

By Naomi Uzor
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has taken over the Chairmanship of the D-8 Federation of Chambers of Commerce and Industry for the next two years.

This came about at the just concluded Business Summit of the Group of Eight countries –D-8 in Abuja
The NACCIMA National President, Dr. Simon Chukwuemeka Okolo, took over from the President of Malaysian National Chamber of Commerce as the Chairmanship automatically goes to the President of the National Chamber of Commerce of the host country.

The Business Forum is a side event put together by the private sector from the D-8 nations under the D-8 Chambers of Commerce, which has its permanent Secretariat in Tehran, Iran.

It will be recalled that the D-8 Chambers of commerce Movement was formed in Cairo, Egypt in 2003 based on the agreement signed by the Government of the D-8 nations. The D-8 nations are eight developing countries that have similarity coming together in relations to strengthen their growth and development. These countries are Nigeria, Iran, Indonesia, Malaysia, Turkey, Egypt, Pakistan and Bangladesh.

Speaking at the 5th Business Forum of the D-8 Chambers of Commerce, which took place at the International Conference Centre, Abuja, the NACCIMA President expressed joy and confirmed the willingness of the Nigerian Organized Private Sector (OPS) to partner with the Government through Public-Private Partnership (PPP) arrangement in fostering business transactions and enhanced investment opportunity within the private sectors of the D-8 nations.

Okolo, represented by the 1st Deputy National President of NACCIMA, Dr. Herbert Ademola Ajayi, called on the governments of the D-8 countries to increase their spending on the provision of infrastructure to enhance investment cooperation and with good implementation strategies, which should be adequately monitored to achieve desired networking and growth.

Ajayi further said the theme of the summit, “Enhancing Investment Cooperation among D-8 Member states”, was timely as it would not only strengthen the bilateral economic relationship amongst the D-8 member countries but also boost cross-border trading and investment activities.


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