About the NTC
The Nigeria Trade Centre in the UK is an initiative of the NBCC endorsed and supported by the Federal Ministry of Investment, Trade and Industry. The Trade Center will create a hub for obtaining and exchanging information on business opportunities and seek to reduce information asymmetry around policy and opportunities between Nigeria and Britain.
Nigeria has a long and enduring relationship with the UK, deeply rooted in its historical and political origins, but over the years it has evolved into a more dynamic relationship that includes education, trade, arts and culture. UK companies are extremely well-known in Nigeria, and UK brands (especially luxury goods) are in very high demand.
Identified limitations to trade between our nations include concerns around political stability, national security and consequences of immigration policies, individual economic policies including the ease of doing business in each country. An important factor is the information asymmetry or misinformation about some key business considerations.
Nigeria is rich in natural and human resources which have contributed to the wealth of the country for centuries now. Gas and oil have accounted for a significant percentage of its GDP and continue to be a backbone of the economy. Emphasis is now being placed on other commodities and business opportunities that could boost the economy and development of the country which had previously been overlooked.
British companies are amongst the oldest and largest employers of labor in Nigeria. These include: Shell, Unilever, British Airways, PZ Cussons, Cadbury Nigeria Limited, GlaxoSmithKline, John Holt and so on.
The initiative to establish a Nigeria Trade Centre in the UK was conceived to create a central hub for obtaining and exchanging information on business opportunities that will lead to trade and economic growth. It will as well reduce information asymmetry. The Nigeria Trade Center in UK is therefore needed to facilitate mutual business development, and to serve stakeholders in Nigeria and Britain. More importantly to enhance the inherent trade and revenue opportunities in agriculture, mining, industry, tourism and other contributors to Nigeria’s revenue diversification and economic growth.
Services
Support for businesses interested in doing business in Nigeria and UK
- Business facilitation connecting overseas buyers with sellers and vice-versa
- Support in setting up companies in Nigeria from location search, company incorporation to banking relationships
- Sector specific market research
- Export/Import advisory
- Market scoping visits on both UK & Nigerian companies for potential partners
- Due Diligence checks (company checks and address verification)
- Trade Missions participations
- Visa Support Services
- Visitor Visits and Tours
- UK Schools Admissions
- Short Courses, Trainings
- Conferences, Seminars, Webinars or Meetings organization
- Contact us for other customised services.
Benefits
These include but not limited to the following:
- Easily accessible information hub, call, and contact center for enquiries on business, trade, policies, regulations, tourism, travels, visa etc.
- Harmonized representation reducing information asymmetry
- Reduces the cost of manning a full-fledged overseas office
- Shared corporate services e.g. Legal, company secretarial functions and accounting to reduce cost and enhance efficiency
Sponsorships
For sponsorship enquiries, please email nigeriatradecentre@nbccuk.org
Subscriptions
Monthly subscription fees start from £50 with discounts on chargeable services offered by the centre.
For subscription enquiries, please email nigeriatradecentre@nbccuk.org
Partners and Stakeholders
- Federal Ministry of Industry, Trade & Investment
Doing Business in Nigeria
- Corporate Affairs Commission - www.cac.gov.ng
- Nigerian Investment Promotion Commission - www.nipc.gov.ng
- Nigerian Export Promotion Council - www.nepc.gov.ng
