Thursday, 23 August 2018

Lagos Chamber of Commerce and Industry signs new MoU with Oxford Business Group

Oxford Business Group (OBG) is celebrating 10 years of covering the Nigerian economy in 2018 and is partnering once again with the Nigerian Investment Promotion Commission and the Nigerian Economic Summit Group, and this year for the first time with the Lagos Chamber of Commerce and Industry (LCCI).



The LCCI has signed a memorandum of understanding (MoU) with OBG for its forthcoming publication. Under the MoU, the chamber will contribute to the research for The Report: Nigeria 2018. This partnership will help OBG analyse the sustainability of the Nigeria’s economic recovery and assess the results of economic diversification efforts so far. The Report will also include a strong focus on some of the emerging sectors, such as recent developments in ICT, as well as analyse the factors that are holding back growth in certain sectors, such as mining and manufacturing.

The Report will also shine a spotlight on developments affecting the broad-based economic development of the country, covering a number of sectoral groups, including those that the LCCI represents, such as agriculture, construction, education and financial services. Similarly, OBG’s publication will consider the challenges facing Nigeria’s investment opportunities, especially as the country emerges from a recession and heads into a protracted election period.

Babatunde Paul Ruwase, President of the Lagos Chamber of Commerce and Industry, said he was excited to be teaming up with OBG and contributing to its forthcoming report on the country’s investment opportunities. “Nigeria has made considerable progress with regard to economic diversification; however, greater information is needed if we are to tackle challenges with manufacturing, as well as transport and logistics,” he said. “Oxford Business Group has played a major role in addressing this issue by filling key information gaps, providing its readers with comprehensive coverage on a broad range of issues – from regulatory changes to macroeconomic developments. I look forward to working with them on their publication, which I know will be a valuable resource for our members.”

Diana Rus, OBG’s country director in Nigeria, agreed that the country presented openings and challenges for investors in equal measure.

“Our analysis points to an emerging and evolving market with tremendous potential, but one in which infrastructure gaps continue to cause some concern,” she said. “Creating synergies and sharing information with local partners like the LCCI is a crucial part of ensuring that our reports provide investors with the business intelligence they need when weighing their decisions. I’m delighted that our team, and ultimately our readers, will once again benefit from the chamber’s input.”

The Report: Nigeria 2018 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain contributions from leading representatives. It will be available in print and online.  

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