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NACC, Firm Target U.S Investments In Power, Other Sectors

The Nigerian-American Chamber of Commerce (NACC) and FootPrint to Africa, an investment-oriented company, on Friday announced their joint efforts to attract investments into Nigeria’s agriculture, power and the mining sectors.

The  Communication Manager of the chamber, Ebuka Ugochukwu, in a statement issued on the partnership indicated that the initiative between the NACC and the company was  aimed at promoting cooperation between businesses in Nigeria and the United States (U.S).

To achieve the goal of the collaboration, he stated that the NACC, in collaboration with FootPrint to Africa, Ministry of Foreign Affairs and the Embassy of the U.S in Nigeria, would hold The Independence Investment Forum (TIIF) on October 1,  to commemorate Nigeria’s independence, advance economic cooperation, trade relations and prosperity of business and services of both nations.

The NACC’s President, Chief Toyin Akomolafe, was quoted as recalling that for 58 years, the chamber had grown into a pillar that continued to serve as a catalyst in bringing together people to bolster bilateral commercial relations between Nigeria and the U.S, adding that the TIIF event will further consolidate on the recorded successes so far.

Akomolafe said: “We have provided programmes and services that improve economic prosperity and sustainability of businesses of both countries.

“As an investment bridge and financial news company, FootPrint to Africa has consistently promoted and facilitated intra-African trade and foreign investment between global investors, African businesses and African states.

“TIIF is aimed at attracting long-term investments into agriculture, power/energy, mining and commodities, with focus on American investors and interested parties with presence across the globe”, he added.

According to him, the TIIF will be attended by policy makers at public and private sectors, local and foreign investors and business leaders to discuss on Nigeria-U.S bilateral investment needs and goals.

Specifically, the NACC President disclosed that the conference would provide information to investors on various aspects of cost management, adding that Nigerian companies seeking investments will not need to travel to multiple countries to see the investors.

The bilateral trade expert hinted further that the conference would serve as an interactive platform for promoting job creation, increasing Foreign Direct Investment (FDI) inflows, enhancing technology transfer and improving the nation’s Gross Domestic Product (GDP) growth.

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