list of chambers of commerce and industry in nigeria

About us. The country recorded an average daily oil production of 1.49 mbpd in the first quarter of 2022, lower than its daily average production of 1.72 mbpd in Q1 2021 and 1.50 mbpd in Q4 2021. 923,768 km2. Official websites use .gov Services include supporting the local small business community, providing business advocacy in lobbying local government to support, Top Executives in the Chambers of Commerce Industry, Here's a look at the most trending Chambers of Commerce companies in June 2023. In December 2021, the government of Nigeria passed a $41.80 billion (17.13 trillion naira) budget for 2022. The logistics and supply chain sectors are one of the fastest growing industries in Nigeria, though still in need of development in several key areas. But Kentucky has also been manufacturing automobiles since the Model T first rolled off of Ford's assembly line. ICC is the world business organization, a representative body that speaks with authority on behalf of enterprises from all sectors in every part of the world. However, the country has been unable to significantly mobilize that gas for the domestic market. Join us in building a vibrant and prosperous business community in Kenya. In the last 10 years, online shopping has become common in Nigeria and changed the landscape in how Nigerians shop. Read More. The health of available infrastructure and level of integration directly impacts logistics access, cycle-time, reliability, and cost. Nigerias major imports from the United States include durum wheat valued at over $173 million and used vehicles at $158 million. In February 2022, the Government approved the establishment of a $2 billion (1 trillion naira) infrastructure company, InfraCredit, to focus on critical infrastructural investments. Political interference, delays in legislating key issues, and an inconsistent approach to regulating the price of gas has deterred the necessary investment to capture and deliver gas to domestic markets. As an umbrella organisation, it frequently interacts with the federal government, the national assembly and state governments. addresses, telephone numbers, fax numbers, email addresses and more Chamber information. The Nigerian government aims to push ahead with reforms of the insurance and pension industries. The United States was Nigerias sixth largest export partner with 5.7% of Nigerias $747 million (337 billion naira) exports going to the United States. The government is implementing different initiatives targeted at achieving at least 30,000MW generation by 2030, with 30% from renewable energy sources. Infrastructure is critical to any logistics and supply chain development objective. Nigeria is located in West Africa. In Nigeria, there are several local and foreign private sector companies operating in the logistics industry, including Red Star Express (partner to FedEx), United Parcel Service (UPS), and DHL. In addition, the government issued the Sustainable Energy for All Action Agenda (SEforAll) targets which aimed to achieve a 20% and 19% contribution of solar energy (photovoltaic and solar thermal) to Nigerias electricity generation mix by 2020 and 2030 respectively. Strength in numbers continues to help the Chamber influence policymakers in areas such as business taxation, fiscal policy, environmental and safety issues, workers compensation, health care, and education reform. The CBN made initial steps in 2020 toward harmonizing these multiple exchange rate regimes alongside measures to stabilize the naira. Power Systems and Renewable Energy, Information and Communications Technology, Licensing Requirements for Professional Services. But opting out of some of these cookies may have an effect on your browsing experience. China has emerged as a major development, trade, and investment partner of the Nigerian government and is Nigerias largest contractor and partner in infrastructure projects, with its total volume of projects estimated at over $77 billion. The African Development Bank lists Nigeria as one of four biggest African tech hubs that continues to attract the most fintech funding in the continent. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Electricity. Nigeriasservices output ranks as the 63rdlargest worldwide and fifth largest in Africa. In Q1 2022, the oil sector accounted for 6.63% of total GDP down from 9.25% in Q1 2021 and 5.19% in Q4 2021. The Ministry has the responsibility to initiate, formulate and evaluate policies and implement programmes and projects relating to Commerce, Industry and Cooperatives, such as promotion and development of cottage . } The LCCI's research provides quality and timely research, analysis and feedback on economic developments and other issues of importance to the Lagos & Nigerian business community. The Onitsha Chamber of Commerce, Industry, Mines and Agriculture (ONICCIMA) is an association of Orga USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. The current growth in Nigerias logistics is due to infrastructure development in railways and airways, improvement in ties with other countries, development in manufacturing and export sectors, and the rise of e-commerce and logistics applications. Challenges to the sector include, a huge infrastructure deficit, government policies that undermine ease of doing business, poor road network, unstable electricity, entrenched corruption, and multiple taxation. With the African Continental Free Trade Area (AfCFTA), Nigeria now has free access to the entire African market, thereby improving the trade between the neighboring countries and impacting the logistics sector in the future. Find Your Local Chamber of Commerce Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York We connect and and build businesses. The power sector neither meets the existing demand nor delivers uninterrupted reliable electricity. The Renewable Electrification Action Program (REAP), identified solar, wind and biomass as key resources to enhance green energy supply. Email: Website: Nigerian Netherlands Chambers Address:Room 204, Regency Suite, 17 Ahmed Onibudo Street, Victoria Island, Lagos State. Today it groups hundreds of thousands of member companies and associations in over 130 countries. Market Research & Product Analysis Assistance In Product Labeling And Packaging To Better Appeal To Local Preferences. 1, Idowu Taylor Street, Victoria Island Lagos. The project will be executed under a Public Private Partnership (PPP) model and will be sited on 3,500 hectares, with the first phase estimated to cost $900 million. Washington, DC 20230. The government approved an additional supplementary budget of $2.39 billion (2.56 trillion naira) in June 2022 to fund the petroleum subsidy from June to December 2022, among other expenditures. Finelib.com 2016 - All Rights Reserved. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. In line with his agenda to establish and strengthen the relationship between the Nigerian Private Sector and their counterparts in Rwanda, the National President of NACCIMA, Ide John C. Udeagbala NPOM, KSJ led a delegation on a courtesy visit to the Rwandan Private Sector Federation (PSF) at their Secretariat in Kigali, Rwanda on Friday 24th June 2022. Nigerian Ivoirien Chamber of Commerce and Industry aims at promoting the economic, cultural and social relations among Nigeria and Ivory Coast, and also to strengthen their business and trade activities. Total Area. Given the huge presence of industrial parks and the proximity to seaports and airports, the majority of the warehouses are situated in Lagos. #4792 Coney Drive First Floor of Withfield Tower, Belize City. Through a series of reforms and policy initiatives, the government is focused on promoting efficiency in the sector to attract private investment, increase generation, reduce transmission losses, and improve revenue collection. Nigeria is currently home to a middle class, estimated to be just below 50 million people. MTN rolled out 5G services in September, while MAFAB announced plans to launch in January 2023. Nigeria had for some time been largely responsible for the decades-long delays in developing the ECOWAS Common External Tariff (CET). Capital. The world's largest Chambers of Commerce companies by total revenue are: CCIP ($2B), Atecyr ($317M), Tulsa Regional Chamber ($293M). Nigerian Mexican Chamber of Commerce and Industry (NMCCI) is an establishment for the promotion and development of economic relations, networking, business relationship and opportunities in the public and private sectors in Nigeria and Mexico. The Kenya National Chamber of Commerce and Industry (KNCCI) was established in 1965 after the amalgamation of the three existing Chambers of Commerce at the time: the Asian, African and European Chambers mandated to protect and develop the interests of the business community Read More, Diane Onditi2023-06-21T15:26:33+03:00June 21st, 2023|. A lock ( A locked padlock ) or https:// means youve safely connected to the .gov website. Nigerian - Polish Chamber Of Commerce & Industry mainly focuses on establishing a better and stronger relationship in the areas of trade, commerce and investment, between Nigeria and Poland. Belize Chamber of Commerce & Industry Membership - Business in Belize. Nigerian Hungarian Chamber of Commerce and Industry strives to provide Nigeria and Hungary with a solid platform for information and idea exchange that will aid in the promotion of their bilateral trade and investment relations. This site contains PDF documents. The highest elevations are in the Eastern highland along the border with Cameroon. With the developing manufacturing industry and increasing demands for logistics, some companies have entered the sector recently like Dangote, Vicampro Farm, BlackPace, and Kiremko. Learn more about each sector below. On this website you will find details of all Chambers of Commerce around the world. It is one of Africas key oil producers, producing high-value, low-sulfur crude oil. Nigerian - Russian Chamber Of Commerce & Industry aims at promoting as well as developing a strong business, humanitarian, trade and economic relationship between Nigeria and Russia. According to zsungur and Karadal (2020), -The chambers of commerce and industry (CCI) are professional organizations that are committed to revealing the entrepreneurial characteristics of the. Uyo Chamber of Commerce and Industry is a chamber of commerce located in the city of Uyo in the country of Nigeria. Sustainability and climate action. Nigeria represents roughly 70% of the 15-country ECOWAS GDP and over half of the ECOWAS regions population. Nigerian Netherlands Chamber of Commerce was established to create a platform where the two countries can come together to share their interests, develop strong business relationship and also make Nigerian products accessible in the Netherlands. In August 2022, the government of Nigeria announced the concession of the Badagry Deep Sea Port under a build-own-operate-transfer public-private partnership at the cost of $2.59 billion In 2020, the government approved $87 million (35.94 billion naira) in funding for the construction and rehabilitation of major roads in six states. User penetration within the sector is expected to reach 52% by 2025. The Kentucky Chamber's . In 2019, Nigeria signed the African Continental Free Trade Agreement (AfCFTA) aimed at creating intra-African trade and a $3.4 trillion economic bloc across Sub-Saharan Africa. Secure .gov websites use HTTPS Similar statistics were recorded for commodity imports into Nigeria: water transport at 88.4%, air transport at 11.17%, and road transport at 0.4%. Select Accept to consent or Reject to decline non-essential cookies for this use. In Q4 2020, the petroleum sector contributed 5.87% to Nigerias GDP and accounted for approximately 90% of GON income. Total Imports: Leading importers, distributors, and industry associations. To boost investments in telecom infrastructure within local districts, some states have provided discounted costs for ROW charges. We also use third-party cookies that help us analyze and understand how you use this website. Market capitalization accounted for $68.81 billion in May 2022. The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture is the umbrella body for all the various affiliate member chambers within the country. The worlds largest Chambers of Commerce companies by total revenue are: CCIP ($2B), Atecyr ($317M), Chatham-Kent Chamber of Commerce ($273M). This was followed by air transportation (2.61%), road transport (0.13%), and other forms of transport (0.17%). Chamber of Commerce Directory Find your local chamber of commerce by selecting one of the states, territories, or cities below. If you have any queries regarding your account, please contact us at membership@lagoschamber.com. Many established multinationals have deciphered operating in this challenging regulatory environment and make substantial profits despite the countrys low level of income and logistical difficulties. including email addresses and direct dials. Click here. This protracted process significantly increases the time goods remain at ports or at sea to undergo inspection, increasing operating costs. Nigeria Brazil Chamber of Commerce & Industry promote business and trade in both the public and the private sectors of the two countries through investment opportunities and networking. Updated January 29, 2023 Reviewed by Khadija Khartit What Is a Chamber of Commerce? In addition, multinational companies working through Nigerian subsidiaries must demonstrate that a minimum of 50% of the equipment used is owned by Nigerian subsidiaries. The global market size of the leading Chambers of Commerce companies is $4B with a revenue forecast of $5B Implementation is, again, key for reaping these benefits. In terms of imports, Apapa Port also recorded the highest transactions valued at $6.8 billion (2.92 trillion naira), or 42.73% of total imports. } Logistics can therefore be attributed to be the main indicator of economic advancement expressed boldly in trade facilitation and business competitiveness. This is 25% below its total trade during the same time the previous year. margin:auto !important; Nigeria Ukraine Chambers of Commerce (NUCC) provides a wide range of international business opportunities for the two countries as it concerns investment and business expansion, and also aims to create a solid friendly business community & relationship. Nigeria - Zimbabwe Chamber of Commerce & Industry focuses mainly on issues that are of great relevance to the interests of the two countries in the areas of business and economic relations. Despite its declining contributions to the economy, the oil and gas sector continues to account for a significant number of capital projects in the country. Penetration is slightly above 40% according to government figures. ICC was founded in Paris in 1919. Private equity (PE) in Nigeria is a growing aspect of the financial sector with over 20 firms operating in the country with funds ranging from $100 million to over $1 billion in size. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Electricity. Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. The Road Infrastructure Tax Credit Scheme allows the private sector to build or rehabilitate roads identified by the federal government in exchange for tax credits. Over the past five years, Nigeria has accounted for more than half of the PE deals in West Africa. Other significant impediments to development and trade include inadequate power supply, deficient transportation infrastructure, a slow and ineffective judicial system, endemic public sector corruption, non-inclusive growth, poverty, poor maternal and infant mortality indices, under resourced education and healthcare sectors, and poor distribution of wealth amongst its citizens. Transportation, Logistics, Supply Chain and Storage. In addition to oil and gas, Nigerias formal sector economic activities are conducted across several sectors including the agricultural, services, and industrial sectors. It is the foremost private sector group in Nigeria with over 2, 000 corporate members. Information and Communication Technology (ICT). } Nigeria-Czech Business Council is a non-governmental organization established to build relationship between the two countries in the areas of technology, commerce, trade and investment. Nigeria can be a lucrative market for companies that can learn to navigate a complex and evolving business environment. Nigeria - South Africa Chamber of Commerce (NSACC) was created with the main purpose of promoting and as well developing the bilateral trade activities and opportunities between Nigeria and South Africa. To join, click the link: https://bit.ly/3Q42ytV, Mr.Olusola Obadimu joins NACCIMA as Director General effective 1st September 2022, Public Relations Manager at Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). Nigerian - Jamaican Chamber Of Commerce & Industry provides the public & private sectors in Nigeria and Jamaica with a platform where they can share ideas and information that will aid in growth of the business trade & investment opportunities available. This is expected to reach 75.2% by 2023. The initial seed capital is expected to be sourced from the CBN, Nigerian Sovereign Investment Authority (NSIA), and Africa Finance Corporation. ECOWAS - Brazil Integrated Chamber (Nigeria Chapter) aims at strengthening the business ties among the member countries, and also to provide access to various international opportunities that might interest them. Lagos Chamber of Commerce & Industry - 135 Years of Business Advocacy & Value Creation Celebrating Years of Business Advocacy & Value Creation Join Us Stay Up to Date Latest News LCCI STATEMENT ON THE DELAYED PETROL SUBSIDY REMOVAL We are the Leading Voice of the Organized Private Sector Public Advocacy These marginal fields are located on land, swamp, and shallow offshore terrains. Under the Act, Nigerian independent operators are given first consideration in the award of oil projects in Nigeria. Membership is voluntary and it encompasses City, State and Bilateral Chambers, Business/Professional Association and Corporate Bodies. However, Nigeria has recorded significant economic losses and decreased oil output due to oil theft, aging infrastructure, and a decline in new investments, Nigeria has been unable to meet this quota and boost oil revenues. The Nigerian-British Chamber of Commerce is the foremost bilateral Chamber in Nigeria with the objective to promote trade and Investment between Nigeria and Britain since its establishment in 1977. Due to the recession in 2016-17, the Nigerian government banned access to foreign exchange for import of 43 products with the aim of boosting local manufacturing and industrial units, as well as to support the agricultural sector, which requires a functioning logistics network to boost the nations economy. Welcome to ICC Nigeria. Secure .gov websites use HTTPS Nigeria is an import heavy economy with potential for growth requiring a renewed focus on infrastructural development. It provides a platform for businesses to express their opinions and concerns regarding legislative or other measures affecting trade, industry, commerce, and agriculture. According to the National Bureau of Statistics, 6.5% of all of Nigerias imports came from the United States in the third quarter of 2022, making it Nigerias fifth largest import partner. Imports (Service) $15.6B (2015) Population in . With a National Office and established County Chambers in all 47 counties, KNCCI is on a mission to facilitate and promote a sustainable business environment for economic growth and prosperity. This category only includes cookies that ensures basic functionalities and security features of the website. The Kentucky Chamber of Commerce supports a dynamic business climate in the Commonwealth,works to advance Kentucky, and provides substantial value to its members by articulating a vision for Kentucky and providingadvocacy, information, program management, and customer service in order to accelerate business creation, recruitment, expansion, and retention. The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) was established in 1960. text-align: center !important; Includes a market overview and trade data. External link for Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), NACCIMA in partnership with Corporate Farmers International invites you to a virtual workshop on profitable agribusiness investments. Share sensitive information only on official, secure websites. Foremost private sector group in Nigeria and changed the landscape in how Nigerians shop above 40 % to! 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On infrastructural development the City of uyo in the country of Nigeria passed a $ 41.80 billion 17.13!

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