The Nigerian American Chamber of Commerce (NACC) has reaffirmed its intention to use its platform to increase the number of exports between Nigeria and the United States.
Indeed, the chamber claimed that, despite being Nigeria’s second-largest trading partner, the United States’ trading volume has not yet reached the anticipated levels.
Dame Adebola Williams, the newly elected president of the NACC, announced on the sidelines of the chamber’s 60th yearly meeting and investiture ceremony that she would be the chamber’s president for the next three years.
“We have many schemes to help our members export to the United States, so this is going to be one of our top priorities to ensure that our members get the full benefits of the Chamber. We have to make it a win-win for both chamber and the members and certainly, this is one of the activities we would be embarking on” She stated.
She went on to say that the pandemic had devastated many economies around the world and that the chamber will begin by attempting to repair some of the harm inflicted by the pandemic.
“As a new team, we would watch and not rush, look at the policies and understand how they line up with what the federal government is doing and then react. We would watch the terrain and see how we can interface with the government on improving the lots of different sectors of the economy”.
The chamber’s immediate past president, Otunba Oluwatoyin Akomolafe, stated that the chamber’s degree of advocacy and involvement with the public sector through the various arms and agencies of the Nigerian government has substantially improved.
He added that, despite the challenges posed by the Covid-19 pandemic, as well as the attendant restrictions and limitations placed on physical interactions, the Chamber was able to initiate and successfully organize a total of 11 programs, with two physical breakfast meetings and others conducted virtually, during the fiscal year under review.
These programmes cut across various sectors inclusive of Investment Stimulation, Logistics, Financial Services, Real Estate, Oil & Gas, as well as the African Growth Opportunities Act (AGOA)/Export. These programmes drew a commendable level of participation with very positive feedback from participants,” he said.
“Again, due to the COVID-19 that paralyzed business activities and physical movement for a significant part of the year, the Chamber was only able to engage in virtual trade interfaces and interactions with relevant stakeholders in the United States.
We are gladdened, however, by the pledges of both the Commercial Section of the United States Embassy in Lagos and the United States Agency for International Development (USAID) to provide their support whenever we are ready to resume external physical missions, he said.