Diversification: NACC Focuses On Promotion Of Non-oil Exports

As part of efforts to reduce Nigeria’s dependence on oil exportation especially now that its global price has reduced, the Nigerian-American Chamber of Commerce (NACC) has promised to focus on improving trade relations in non-oil sectors in between both countries.

This was disclosed on Wednesday, January 28 by the National President, NACC, Olabintan Famutimi, at a press conference in Lagos to announce plans for its forthcoming trade mission.

He explained that though America used to be Nigeria’s largest trade partner because of oil, the Chamber is diligently working on changing such to focus on other non-oil products.

“We have been focusing more on promoting non-oil exports. And one of our focus during this trip is also to broaden the market for Nigerian products in America. We are determined to focus more in broadening the exports of Nigerian products to America,” he said.

Speaking on the upcoming trade mission, Famutimi said the NACC undertakes a trade mission to the United States of America to primarily afford members opportunity to connect with potential partners in the US.

According to him, this year’s event would focus more on agriculture, ICT, healthcare, financial services, construction, logistics and power.