WTO, NACCIMA explore partnership to promote trade, private sector

The World Trade Organisation (WTO) and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) are exploring areas of partnership to foster mutually-beneficial trade opportunities and advance the growth of the private sector in Nigeria.

The Director-General of WTO, Dr. Ngozi Okonjo-Iweala, and the President of NACCIMA, Dele Oye, who are the only Nigerian representatives at the World Chambers Congress taking place in Geneva, Switzerland between June 21 and 23, 2023, are in talks to enhance trade expansion and economic prosperity for their home country.

Oye said: “The WTO and NACCIMA are working on a Memorandum of Understanding (MOU) that will encompass a wide range of initiatives including trade promotion, facilitating access to global markets for Nigerian businesses, and enhancing export capabilities to bolster economic growth and diversification, in line with the vision and positive indication from President Bola Ahmed Tinubu-led Federal Government.”

According to him, “We will be leveraging our respective strengths and resources to unlock new avenues of trade facilitation, expand market access, and enhance Nigeria’s position as a prominent player in the global marketplace.”

“With its deep understanding of local market dynamics and its commitment to promoting business excellence, NACCIMA will continue to explore opportunities and strengthen collaborations to shape trade policies, foster dialogue, and create opportunities for Nigerian enterprises to thrive.

“We are confident of the possibilities and opportunities that this partnership holds and are assured that the combined efforts of NACCIMA and WTO will yield tangible and transformative results for the Nigerian economy,” he said.