The Nigerian Association of Chamber of Commerce Industry Mines and Agriculture (NACCIMA) has signed a memorandum of understanding (MoU) with the University of Lagos (UNILAG), to promote cooperation in research, trade and business relations with China.

The MoU, which is to be implemented through the Institute of Nigeria China Development Studies (INCDS) domiciled at UNILAG, would to ensure mutually beneficial ties between Nigeria and China. The Director General of NACCIMA, Ayo Olukanni, described the MoU as a strategic move by NACCIMA to consolidate its economic ties with the growing Chinese private sector in Nigeria.  Olukanni, observed that the MoU would also be of great service to NACCIMA members who do business or are desirous of doing business with Chinese companies.  Under the MoU, NACCIMA members would receive training and take part in workshops on the various opportunities in the various areas of the Chinese economy including how to establish successful joint ventures with their Chinese counterparts.

 In his remarks at the signing ceremony, the Vice Chancellor of UNILAG, Prof. Oluwatoyin Ogundipe, expressed delight that the MoU has been signed and hoped to leverage on the visible and prominent role of NACCIMA in the Nigerian economic landscape and its position as the voice of Nigerian private sector. Ogundipe, assured that the university would be committed to faithful implementation of the MoU.

 The National President of NACCIMA, Ms. Saratu Iya Aliyu, was represented by the National Treasurer of NACCIMA, Prof. Kunle Ade Wahab, during the signing of the MoU. Other members of NACCIMA that were present were the Head, IT, Policy Development Unit, Mr. Opeyemi Alaran.