Nigerian- British Chamber Of Commerce (NBCC)

Muhyideen Jimoh
May, Fri, 2025

NBCC unveils trade centre to boost exports

221 total views today

By Rukayat Moisemhe

The Nigerian-British Chamber of Commerce (NBCC) has unveiled the Nigerian-British Trade Centre to boost exports, attract investment, and increase market access between Nigeria and the UK.

NBCC President, Mr Ray Atelly, at the launch on Thursday in Lagos, said the initiative would stimulate economic activities and strengthen bilateral trade ties between both nations.

Atelly described the centre as more than a trade hub. He said it would support economic diversification and encourage cultural exchange between Nigeria and the United Kingdom.

“The trade centre reflects the need for a facility housing trade information and experts on investment matters,” Atelly said.

He added that the centre would support trade decisions by providing information on export opportunities from Nigeria to the UK.

According to him, the facility will serve as a one-stop shop for market intelligence, documentation, and decision-making for both Nigerian and British businesses.

Mr Mark Smithson, Country Director, British Department for Business and Trade, described the centre as another tool to deepen UK-Nigerian trade relations.

He urged Nigerian exporters to explore the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) for better trade engagement.

Smithson said ETIP includes a chapter on export diversification, helping Nigeria realise its goal of expanding export sectors.

He highlighted the Developing Countries Trading Scheme (DCTS), launched in 2023, which offers tariff relief to Nigerian exporters.

According to him, between 2,000 and 3,000 Nigerian products may qualify for low or zero tariffs under the DCTS.

“We encourage Nigerian growers and businesses to seize the DCTS and ETIP opportunities to build a balanced trade relationship,” Smithson stated.

He noted that the decline in crude exports creates an opportunity for other goods like sesame seeds, vegetables, and cashew nuts.

Smithson said the UK government fully supports this shift by offering tariff-free access to encourage Nigerian exporters.

He advised exporters to meet quality standards required by the UK, EU, US, and other developed economies to remain competitive.

Smithson reaffirmed the UK’s commitment to fair trade with Nigeria through low or zero tariff access for qualifying products.

He encouraged businesses to leverage the Nigerian-British Trade Centre and assured ongoing support from the Department for Business and Trade.

“The trade centre is a valuable platform to support and complement our efforts in fostering trade between both countries,” he said.

He added that forming strong partnerships is key and praised the NBCC as a vital ally in raising awareness of trade opportunities.

“We fully support the NBCC and will work with them to ensure the trade centre benefits both Nigerian and UK businesses,” he said. (NAN) (www.nannews.ng)

Edited by Kamal Tayo Oropo

Experts task women, youth entrepreneurs on skills devt

Muhyideen Jimoh
May, Sat, 2025

Economy/Business

Experts task women, youth entrepreneurs on skills devt

166 total views today

By Rukayat Moisemhe

Experts have charged women and youth entrepreneurs to embrace skills development and collaboration to increase their contributions to the country’s economic growth and development.

They gave the advice at the Nigerian- British Chamber of Commerce (NBCC) graduation/induction of NBCC Women and Youth Entrepreneurship Development Initiative (WYEDI) on Thursday in Lagos.

The Chief Executive Officer, Sterling One Foundation, Mrs Olapeju Ibekwe, advised entrepreneurs on the importance of positive possibilities and the need to be audacious.

According to her, entrepreneurs must be armed with clear business goal plans and advance audaciously to achieve them.

“While the sky is only the beginning, being audacious helps entrepreneurs to push boundaries, encourage innovations and set the stage for the significant edge success,” she said.

Also, Senior Vice President, Commercial, Wakanow Nigeria, Mrs Shola Ipinmoroti, urged the outgoing and incoming cohorts to remain teachable and agile in their entrepreneurial endeavours.

Ipinmoroti stressed that collaboration was very critical to scaling a business as it combined resources, expertise and networks to grow more efficiently.

She added that collaboration enhances access to new markets, provided an umbrella body coverage, mitigated risks and created alliance for quicker decision making.

“Collaboration is key in understanding how to scale a business and it is important to be humble and get into an industry or an association that advanced your business cause and goals,” she said.

The Managing Director, Union Bank of Nigeria, Mrs Yetunde Oni, represented by the company’s Head of Retail and Small and Medium Enterprises, Vivian Imoh, urged the cohorts to be more open minded in business.

Oni advocated the importance of investing in women and investments by women.

She also charged the entrepreneurs to continually develop their skills in line with emerging and evolving global realities.

The President, NBCC, Mr Ray Atelly, said the WYEDI was his personal commitment to ensure NBCC impact extended beyond boardrooms and policy forums, reaching into communities and directly touching lives.

Atelly, who noted that economic transformation cannot happen in isolation, said it must be rooted in inclusion, building up traditionally excluded from formal economic systems, particularly women and youth.

He added that the event marked the launch of the NBCC Tech Programme and the formal inauguration of the WYEDI Alumni Network, a true celebration of purpose, progress, and promise.

He stated that the event’s theme: “Beyond Limits: Nurturing Entrepreneurs, Building Legacies,” aimed to invest in changemakers to influence families, communities, and the broader economy.

“This programme is designed to equip aspiring entrepreneurs with the skills, mentorship, exposure, and opportunities to create sustainable businesses and, in doing so, uplift others.

“NBCC has, for nearly five decades, fostered trade and investment between Nigeria and the United Kingdom and WYEDI is an extension of that legacy, because sustainable economic growth starts with empowered people.

“Let us continue to build together, not just businesses, but legacies that transcend generations,” he said.

The Director-General, NBCC, Dr Ebere Njoku, noted that for over 45 years, the NBCC had served as a bridge between Nigeria and the United Kingdom, promoting bilateral trade, investment, and enterprise.

Njoku said the chamber through the WYEDI was investing in the future of Nigeria by providing access to practical skills, mentorship, and economic opportunities.

She said the NBCC in just two cohorts had trained over 300 young entrepreneurs across various vocational fields, with a strong focus on creativity, sustainability, and business development.

Njoku lauded the 125 cohorts and two graduates for completing their 16 weeks hands-on training and two weeks of industry immersion.

She urged the Cohort 3 inductees to step into the transformative experience.

“Over the coming weeks, you will gain skills in trades such as fashion, hairdressing, photography, arts and crafts, confectionery, makeup artistry, and more.

“Alongside would be workshops in financial literacy, digital marketing, legal structures and business development and this is more than a training; it is a launchpad.

“We are also proud to introduce a tech training track, responding to the growing demand for digital and technology enabled skills across sectors,” she said.(NAN)(www.nannews.ng)

Editted by Abdulfatai Beki/Chinyere Joel-Nwokeoma