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NBCC seeks more partnership with British investors

The Nigeria-British Chamber of Commerce (NBCC) has called for more trade partnership between the two countries in order to bridge the trade imbalance currently in favour of the UK. The current bilateral trade volume between Nigeria and the UK is four billion pounds (about N960 billion).

Mr Emeka Awagu, President of the NBCC said there was the need to synergise efforts to actualise the doubling of existing trade figures between both countries. Awagu, who is leading a NBCC trade mission to the UK said in an interview with the Europe Correspondent of the News Agency of Nigeria (NAN) in London, that there was a lack of interest and abandonment by British  investors in doing business in Nigerian.

“The British have been and still are our traditional allies; we are open to doing business more with them than anybody else but somewhere along the line, they abandoned us. We want the British to come back and invest more in our economy because their products have more quality when compared to others,” he said.

He noted that aside the expertise and the historical ties, Nigerians would be more comfortable in doing business with people they speak the same language with. Awagu, who also spoke on the influx of Asians investors in the Nigerian economic sector, said it was not true that they were buying up the country.

“The Indians and Chinese are more aggressive than the others in terms of doing business. They are ready to take risks where others do not,’’ he said. Awagu said the delegation was in the UK to explore market for Nigerian made goods and services. He said  London, Birmingham and the Thames Valley Chambers of Commerce have indicated interest to partner with NBBC to promote business between the two countries.


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