Abuja Chamber of Commerce and Industry signs first-time MoU with Oxford Business Group

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NIGERIA’s efforts to liberalise its economy and increase the foreign investment will be explored in a new report by the global research and advisory firm Oxford Business Group , OBG.

The Report: Nigeria 2020 will look in detail at the country’s plans to enhance its business environment by improving the regulatory framework currently in place and reducing bureaucracy.

There will be detailed coverage of the sectors of the economy identified as ripe for growth, including real estate, mining, agriculture and ICT, which are combining to help drive non-oil activity.

The Report: Nigeria 2020 will also shine a spotlight on the Africa Continental Free Trade Area, AfCTA, as the initiative enters its operational phase. OBG will consider both the potential for regional growth that the free trade area holds and the challenges that risk delaying its progress. Readers will also find analysis of the opportunities that the AfCTA could signal for Nigeria, which was one of the last countries to sign the agreement.

The Abuja Chamber of Commerce and Industry, ACCI, has signed a first-time memorandum of understanding with OBG for its forthcoming publication. Under the agreement, the ACCI will help OBG in its research for The Report: Nigeria 2020 and other content that will be made available across the Group’s platforms, which is expected to include charting the economic expansion underway in the capital city of Abuja.

Prince Adetokunbo Kayode, president of ACCI, said he looked forward to teaming up with OBG for its forthcoming report, which he said came at a time of heightened economic activity in Abuja.

“These are significant times for the Federal Capital Territory and Abuja in particular, which continues to attract investment for a wealth of projects across the economic sectors,” he said. “Oxford Business Group’s reports on emerging markets are known to be leaders in their field, providing investors with accurate, reliable data which can sometimes be difficult to come by. I have no doubt that its report on Nigeria’s evolving economy will serve as a valuable tool for business leaders keen to participate in the next phase of the country’s development.”

Wen Qian Chang, Abuja-based country director,  agreed that efforts to attract investment for large-scale infrastructure and real estate projects in Abuja, against a backdrop of rapid urbanisation were gathering pace.

“The Abuja Chamber of Commerce and Industry plays a key role in promoting economic and industrial development within the Federal Capital Territory and highlighting the investment opportunities available in this rapidly developing city,” she said. “I’m delighted that our team, and ultimately our readers, will benefit from the chamber’s input as we begin the next phase of our research for this timely report.”

The Report: Nigeria 2020 will mark the culmination of more than 12 months of field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.

OBG’s publication will also contain contributions from leading representatives across the public and private sectors. The Report: Nigeria 2020 will be produced with the ACCI, the Lagos Chamber of Commerce and Industry and the Nigerian Investment Promotion Commission. It will be available online and in print.

– Jan. 7, 2020 @ 15:59 GMT |

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