The World Trade Organization (WTO) and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) are currently in talks to establish a partnership aimed at promoting trade expansion and private sector growth in Nigeria.
The Director-General of the WTO, Dr. Ngozi Okonjo-Iweala, and the President of NACCIMA, Dele Oye Esq., are discussing potential areas of collaboration at the World Chambers Congress in Geneva, Switzerland.
The proposed Memorandum of Understanding (MOU) between the WTO and NACCIMA will cover various initiatives, including trade promotion, facilitating Nigerian businesses’ access to global markets, and enhancing export capabilities.
These efforts align with the vision of the federal government of Nigeria, led by President Bola Ahmed Tinubu, to foster economic growth and diversification.
By leveraging their respective strengths and resources, the WTO and NACCIMA aim to facilitate trade, expand market access, and position Nigeria as a significant player in the global marketplace.
NACCIMA, with its understanding of local market dynamics and commitment to promoting business excellence, will explore opportunities and strengthen collaborations to shape trade policies, foster dialogue, and create favorable conditions for Nigerian enterprises to thrive.
The partnership between NACCIMA and the WTO is expected to yield tangible and transformative results for the Nigerian economy, providing new avenues for trade facilitation and enhancing Nigeria’s position in the global economy.
Both organizations are confident in the possibilities and opportunities that this collaboration will bring about