June 17, 2024

FDI: NBCC begins trade mission June 24 to attract UK investors

portfolio investors

•…Cardoso, others to participate

By Providence Ayanfeoluwa

The Nigerian-British Chamber of Commerce, NBCC, has announced plans to embark on trade mission to the United Kingdom, UK, to attract Foreign Direct Investment, FDI. 

Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, would  deliver a paper during the mission, on his programme for the banks (recapitalisation of Nigerian banks). 

The 45th trade mission themed, ”Unveiling Untapped Trade Opportunities Across the UK & Nigeria,” would hold on June 24 to 28, 2024, in London.

Speaking at a media briefing in Lagos, President and Chairman of Council of NBCC, Ray Atelly, said that the theme was apt, coming at a time the economy of the country needed a rebirth especially via influx of foreign direct investments.

He said that the NBCC trade mission stands as a beacon of opportunity, aimed at attracting foreign investments to Nigeria with a focus on non-oil sectors.

He said as Nigeria navigates challenging economic conditions due to the decline in global oil prices, it has become imperative to diversify the economy and reduce dependence on crude oil. 

Atelly said: “The 2024 NBCC Trade Mission promises to be a landmark event in our bilateral relations, opening doors to new opportunities and fostering a deeper economic partnership.

“The mission is a significant component of the Chamber’s efforts to promote bilateral trade and build stronger economic ties between Nigeria and Britain.

“The Trade Mission would feature

Business Roundtable at the Nigeria High Commission; Nigeria Investment Summit; hosting the Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, on the “Impact of the Recapitalisation of Nigerian Banks”; Business to Business Meetings

British Chambers of Commerce: Global Annual Conference; SMEs Exhibitions; Company visits/Tour Networking and Gala Night”.