NACC commits to improved Nigeria-U.S. trade
By Tobi Awodipe
The Nigerian-American Chamber of Commerce (NACC) has celebrated its 65th anniversary and inaugurated its 20th president, Sheriff Balogun, at a grand ceremony held in Lagos.
The event drew public and private sector leaders, solidifying the chamber’s role in fostering bilateral economic ties.
In his inaugural address, the president outlined his vision to strengthen Nigeria-US trade relations, saying he aims to surpass $10 billion in trade volume and unlock the full potential of Nigerian exports over the next few years. He added that for 65 years, the chamber has been instrumental in promoting trade, investment and collaboration, connecting Nigerian entrepreneurs with their American counterparts. Despite the ongoing challenges in international trade, he vowed to boost trade between both countries and open up new opportunities for Nigerian businesses and entrepreneurs.
His leadership team comprising his deputy president, vice president, treasurer and deputy treasurer was also unveiled, setting the stage for a new era of growth and collaboration. At the inauguration, the chamber also welcomed 52 new members, inducting them into the organisation.
Additionally, a 3D model of the chamber’s future seven-storey headquarters was revealed, symbolising the chamber’s commitment to long-term development and strategic expansion.
NACC honoured outstanding Nigerian and American companies and individuals for their contributions to the economic landscape, as well as past presidents for their enduring leadership.
The event was chaired by Samaila Zubairu, President of the Africa Finance Corporation, and hosted by Governor Babajide Sanwo-Olu of Lagos State who was represented by the commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem.
Federal Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, praised the chamber for its dedication towards fostering trade and investment opportunities between both countries and charged Balogun to intensify efforts at improving trade, expanding FDI and B2B opportunities for Nigerian businesses.
