• Saturday, April 20, 2024
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NACCIMA calls for increased Nigeria-India bilateral cooperation

NACCIMA faults CBN’s MPR hike to 24.75%, says it’s negative for businesses

Dele Oye, national president of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), has called for increased bilateral cooperation between Nigeria and India to expand the over $11.8 billion bilateral trade between both countries.

Oye, who was a guest at the Nigeria-India Business Summit, organised by Nigerian India Business Council (NIBC) under the leadership of Emeka Offor, in Abuja, commended the NIBC for its pivotal role in the economic development of the country, ensuring deeper economic ties, trade partnerships and increased investments between the two countries.

He noted that “the council’s effective facilitation of the summit has propelled it to the forefront of Nigeria’s international business engagement, earning it due recognition as an influential force in shaping the country’s economic landscape.”

According to Oye, under Offor’s sterling leadership, NIBC Nigeria has demonstrated its capability as a formidable conduit for fostering international business relationships.

“This has not only set a benchmark for future international economic forums but has also showcased the indispensable role that organisations like NIBC Nigeria and NACCIMA play in driving Nigeria’s economic diplomacy. The summit stands as a beacon of hope for a future where collaborative efforts translate into shared success and development for all parties involved,” Oye added.

The summit was a platform for high-level dialogue and a beacon of tangible advancements that can be achieved through international cooperation with discussions that have set the stage for breakthroughs in trade, investment, and economic development.

Oye further noted that “With the success of the Nigeria-India Business Summit, it is evident that the collaborative spirit embodied by NIBC Nigeria and NACCIMA is a powerful catalyst for progress.”

“The partnerships forged and the initiatives set in motion during this summit are poised to usher in a new era of prosperity for both Nigeria and India, built on the solid foundation of mutual respect, understanding, and shared ambition.”

The summit brought together many high-profile people in Nigeria and India’s business landscape, top government officials, and other private sector leaders including Hajia Bola Shagaya, Kamoru Yusuf (Kam Steel), and James Uduji (Comestar), India’s Minister of Foreign Affairs, S. Jaishankar, Rekha Sharma of NIBC India and Khurshed Daruvala of the Confederation of Indian Industry (CII).