The Nigerian American Chamber of Commerce (NACC) has announced plans to attract fresh long term Foreign Direct Investments (FDIs) from the United States into Nigeria’s agriculture and power sector.
Preparatory to its Independence Investment Forum (TIIF) forum scheduled to hold on the 1st of October, 2018 in Lagos, NACC President, Otunba Oluwatoyin Komolafe, explained that the forum will showcase investible areas in the nation’s mining and commodity markets for the US government and interested parties.
The NACC boss at a press briefing said TIIF 2018 will bring together policy makers, domestic and foreign direct investors, business leaders, expert speakers and other key stakeholders to a single location in Lagos, Nigeria and would offer a platform for discussing investment needs and goals without the need for investors to travel to various locations in Nigeria to see projects or for Nigerian companies seeking investments to travel to multiple countries to pitch to investors.
He said for 58 years on, the NACC has grown into a dynamic organisation as it stands as a pillar of the relationship between the United States of America and Nigeria, serving as an important catalyst in bringing together people and ideals to bolster bilateral commercial relations between Nigeria and the United States.
According to him, the chamber has facilitated business-to-business relationships and advanced economic cooperation between Nigeria and the United States through promotion of business and services that improve trade relations and prosperity of both nations; providing programs and services that improve economic prosperity and sustainability of businesses.
He pointed out that The Independence Investment Forum (TIIF) is a yearly event jointly hosted by the chamber and Footprint to Africa, supported by the Ministry of Foreign Affairs and the Embassy of the United States, Nigeria.
In his words, “It would be held on the 1st of October, 2018; Nigeria’s Independence Day. Commemorating the independence of Nigeria, the event seeks to advance economic cooperation between Nigeria and the United States through promotion of business and services that improve trade relations and prosperity of both nations. We are very excited about the level of enthusiasm we have received from proposed speakers, stakeholders, partners and investors in Africa and across the globe.”He added that Nigeria may be bedevilled with socio-economic challenges but needs country men who will walk the talk, expressing the chamber’s commitment to achieve the feat.