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Tuesday, April 23, 2024

Nigerian American Chamber of Commerce prioritises SME growth at Africa Foods an Products Exhibition

Advocates for Sustainable Economic Growth and Global Market Access

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The President of the Nigerian American Chamber of Commerce (NACC), Mrs Adebola Williams, has reiterated the chamber’s commitment to nurturing the development of Small and Medium Enterprises (SMEs) to ensure their resilience and alignment with international standards. Speaking at a press briefing ahead of the 2024 Africa Foods & Products Exhibition in Lagos, Williams emphasized the importance of fostering SME growth for sustainable economic advancement.

The upcoming exhibition, themed “Actualising Sustainable Economic Growth – Think Global, Be Local,” aims to provide a platform for Nigerian businesses to showcase their products and forge partnerships with similar enterprises across Africa. Williams highlighted the NACC’s role in facilitating bilateral trade between the USA and Nigeria, focusing particularly on SMEs and micro-enterprises. The chamber aims to facilitate business connections, promote profile building, and explore global opportunities for Nigerian businesses.

Acting Director-General of NACC, Ms Wofai Samuel, underscored the significance of the exhibition in enabling Nigerian SMEs to establish partnerships with businesses operating within their sectors. Samuel emphasized the potential of the exhibition to reinforce Nigeria’s position as the largest market in Africa and create new avenues for product entry.

Chairman of the African Foods & Products Exhibition Committee, Ayo Stuffman, emphasized the exhibition’s role as a platform for Nigerian businesses to showcase their products and gain insights from established enterprises. Stuffman highlighted the importance of collaboration among stakeholders to create a conducive business environment for growth and economic development.

Vice Chairman of the Exhibition Committee, Mrs Yemisi Ogundipe, stressed the relevance of the exhibition’s theme in addressing the current economic challenges faced by Nigerian businesses. Ogundipe emphasized the need to ensure the sustainability of SMEs, noting the chamber’s efforts to educate business owners on achieving gradual, sustainable growth. She urged businesses to embrace global trade practices to enhance their competitiveness in the international market.

The Africa Foods & Products Exhibition represents a critical opportunity for Nigerian SMEs to expand their market reach, foster partnerships, and gain valuable insights to enhance their operations. Through collaboration and advocacy, the NACC aims to empower SMEs and contribute to the overall economic growth and development of Nigeria.

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