The Nigerian-British Chamber of Commerce (NBCC) recently held the first edition of its Economic Outlook UK in London. The event created a platform for open and practical discussions on Nigeria’s economic reforms, the investment climate, and the future of trade between Nigeria and the United Kingdom.

The forum brought together policymakers, economists, financial institutions, and business leaders from both countries. Under the theme “Nigeria–UK 2026 Economic Direction: Stability, Growth and Private Sector Outlook,” participants examined where economic stability is improving, where growth opportunities exist, and how the private sector can drive sustainable progress.

In his welcome address, NBCC President and Chairman of Council, Mr Abimbola Olashore, reaffirmed the Chamber’s commitment to strengthening commercial ties between Nigeria and the UK. He noted that lasting economic progress depends on clear policies, investor confidence, and strong collaboration between government and business.

Driving Stability and Expanding Trade Opportunities

The keynote sessions provided forward-looking insights into Nigeria’s economic direction. Dr Yemi Kale of the African Export-Import Bank (Afreximbank) discussed ongoing macroeconomic reforms, inflation trends, and foreign exchange stability. Razia Khan of Standard Chartered Bank shared perspectives on growth projections and Africa’s role in a changing global economy.

Both speakers highlighted the importance of policy consistency and private sector confidence in sustaining recovery and attracting long-term investment.

Mr Robert Lally, representing the UK Department for Business and Trade, outlined the UK’s current trade framework and its commitment to strengthening economic engagement with Nigeria. His remarks emphasised practical cooperation and improved market access. Among the distinguished guests was Florence Eshalomi MP, the UK Trade Envoy to Nigeria. In her goodwill message, she stressed the strategic importance of Africa–UK partnerships in promoting shared growth and long-term economic resilience.

A panel session, moderated by Mrs Awuneba Ajumogobia, focused on actionable strategies. Discussions centred on expanding trade flows, improving access to finance, strengthening regulatory clarity, reducing business risks, and accelerating private sector-led growth. Panellists included representatives from the British Chambers of Commerce, DIN Consultants, and First Bank UK, each offering practical insights from their sectors.

The maiden edition of the NBCC Economic Outlook UK marks a significant step toward structured and sustained economic dialogue between Nigeria and the United Kingdom. It reflects a growing commitment to deeper collaboration across finance, trade, and investment.

For business leaders, policymakers, and executive learners, the message is clear: economic stability, policy transparency, and strong private sector participation remain central to unlocking the full potential of Nigeria–UK economic relations.

Source: ThisDay