Nigeria-British Chamber Set to Attract FDIs from UK

Dike Onwuamaeze

The Nigeria-British Chamber of Commerce is set to embark on an outward 2023 trade mission to the United Kingdom to market the ease of doing business in Nigeria and attract foreign direct investments into the country.

This was announced on Thursday by the Vice President and Chairman, Trade and Investment, NBCC, Mr. Akin Osuntoki, who stated that the trade mission “is aimed at attracting foreign investment to Nigeria with a multi-sector focus particularly on non-oil products and services in furtherance of the NBCC’s commitment to building and expanding business opportunities for members and prospects.”  

He further stated that the trade mission would “change the Nigerian narrative and offer a new face of the Nigerian private sector by presenting a high-level delegation of business leaders from Nigeria.”

The 2023 Trade Mission that is scheduled to commence on May 21 and end on May 27 in London and Birmingham, according to him, is in partnership with the Department of International Trade (DIT), Institute of Directors (IoD), British Airways, and Wakanow, the official travel partner.

Other objectives of the 2023 trade mission include developing partnerships between the UK and Nigerian businesses, promoting the Ease of Doing Business in Nigeria to attract foreign investors, as well as engagement with Nigerians in the Diaspora, business leaders in the UK trade related government officials, and UK-based chambers of commerce.

Osuntoki also stated that the trade mission would “provide a platform for business-to-business (B2B) networking” as well as “access to British companies and businessmen wishing to invest in Nigeria and those with interests in seeking representatives/partners in Nigeria.”

He also said that this mission “will feature business roundtable at the Nigerian High Commission, business to business meetings in London and Birmingham, golf tournament, business lecture at Warwick University, and visit to industrial museum and think-tank Birmingham Science Museum.”

The vice president of the NBCC said that engagements during the trade mission would be attended by eminent leaders of global and regional development institutions, captains of industry and board level business leaders, innovators across all sectors, impact investors, venture capitalists and angel investors.

Others are champions of youth entrepreneurship, champions of gender inclusion and equality, champions of climate change and sustainability and representatives of trade organisations.

He said that some of the sectors that would be represented at the trade mission include financial institutions and advisory, legal firms, oil and gas, government organisations and public bodies, agriculture, manufacturing and engineering, construction and real estate, communications, media and marketing, technology, creative and cultural and energy.