August 14, 2019 / 09.00AM / Ottoabasi Abasiekong for Proshare WebTV / Header Image Credit: WebTV
As part of its objective in facilitating trade between the United Kingdom and Nigeria, the Nigerian-British Chamber of Commerce, NBCC is set to establish a centre in London, to facilitate trade between both countries.
The President of the NBCC Mr Kayode Falowo disclosed this in a recent interview with Proshare WebTV, at the July Breakfast meeting of the Chamber.
Mr Falowo believed the centre will serve as a one-stop shop for British investors to get all the required information on Nigeria, providing all the details they need to make informed investment decisions.
Speaking further he asserted that the centre will increase trade between both countries, and increase investments into Nigeria from the UK.
According to him the NBCC centre will provide an ease of investment experience for British investors, and also improve foreign direct investments, FDIs into the nation and serve as a trade liaison for the Chamber.
It will also be an opportunity for the well-established British companies that seek to invest in Nigeria, to access the UK Government £750m export finance budget.
With few months to the key decision by the UK Government on the #Brexit plan with Europe, the NBCC sees the establishment of the centre as a platform for deepening the trade relations between UK and Nigeria, which will help to boost sectors like the financial services, ICT, Agri-Business, Solid Minerals etc.
From the Department of International Development, DFID office the UK-Nigeria Trade Volume hit £3.5bn in 2016.