Chamber Assures Better Positioning To Attract Trade, Investments

President of Nigerian-British Chamber of Commerce (NBCC), Ms. Bisi Adeyemi, has reassured members that the chamber is better positioned to attract trade and investments opportunities across different sectors of the Nigerian economy.

Adebisi gave the assurance at the NBCC 43rd annual general meeting (AGM) held in Lagos.

The NBCC president said, the pledge was in line with her administration’s eight-point agenda with the theme: ‘consolidation and sustainable growth’ to drive the chamber to sustainability.

Adeyemi stated that, the chamber, in its bid to attract trade and investments, has scheduled inward and outward-bound trade missions to and fro the United Kingdom for 2023, saying, the journey of the chamber in the past 12 months since her assumption of office as president had recorded several achievements.

She said the chamber had improved value proposition to members, strengthened its headquarters for improved service delivery, refocused sectoral groups for maximum impacts and improved its advocacy role as the voice of business.
She added that the chamber had integrated more British businesses into its membership, sustained focus on Micro, Small and Medium Enterprises (MSME), and diversified funding sources.
Adebisi added that the chamber overtime continued to be dynamic and innovative in its accelerated adoption of technology to drive its operations seeing that the economy was still recovering from COVID-19 pandemic.
She said the NBCC would continue to identify the needs and challenges of MSME, proffer solutions and execute programs to enhance their growth.
The chamber, in the year ended December 31, 2021, grew its assets from N430.9 million in 2020 to N644.27 million.
This was attributed to the investment in the plaza to the tune of N231.6 million. However, its surplus was N3.102 million compared to N5.638 million in 2020.
The chamber’s revenue increased by 71 per cent to N141.755 million in 2021 from N82.792 million in the prior year, while cash flow from operating activities increased by 23 per cent from N29.732 million in 2020 to N36.520 million for the year ended 2021.