Business

December 5, 2013

NBCC projects £20bn for Nigeria, UK trade

BY NAOMI UZOR
The Nigerian-British Chamber of Commerce, NBCC, has projected that trade figure between Nigeria and Britain can reach £20billion within the next five years.
Speaking at the 2013 Presidential Dinner and Award Night, the President of NBCC, Prince Adeyemi Adefulu, said, if Nigeria gets its act together, and invests appropriately in proper chain management, Nigeria and Britain can reach £20billion within another five years.
He said that this can be achieved through the export of Nigeria perennially products like pepper, yams, bananas, plantain, pineapples and cassava to the UK.
“But Nigeria, in this day and age, does not need to operate just as a provider of raw and unprocessed materials.
“We must begin to see ourselves as actors operating in a highly competitive world in which the fittest win. We would need to take a long term view of our policies and consider in depth the strategic intent of our agreements and objectives. Sometimes, we have seemed to act in the best interest of other people than ourselves. No nation is in international trade to protect any interest other than its own. The stark reality is that if we do not protect our national interest, no one will do it for us,” he stated.