October 19, 2023

Promotion of Commercial, Cultural, Sports, and Economic Interests of Guyana in Nigeria

The Guyana Nigeria  Chambers of Commerce and Investment (GNCCI) is a global organization dedicated to strengthening commercial, cultural, sports, and economic ties between Guyana and Nigeria. Their mission is to promote international trade, investment, and cooperation, fostering peace, prosperity, and opportunities for all.

Key Initiatives of GNCCI:

  • Promotion of Commercial, Cultural, Sports, and Economic Interests: GNCCI organizes events in Nigeria that showcase Guyana’s rich heritage and economic potential, aiming to foster development in these sectors.

  • Showcasing Guyanese Products and Services: Through trade missions, expos, and networking events, GNCCI introduces Guyanese products, services, and technologies to the Nigerian market, facilitating global business expansion.

  • Tourism Promotion: Collaborating with travel agencies, GNCCI highlights the natural beauty and unique attractions of Guyana and Nigeria, enhancing tourism and cultural exchange between the regions.

  • Investment Assessments: The organization provides comprehensive surveys and guidance for Nigerian companies and individuals interested in investing in Guyana, ensuring informed decision-making.

  • Visa Facilitation: GNCCI assists Nigerian citizens with the visa application process for visiting Guyana, offering necessary information and support for a seamless experience.

  • Enhancing Bilateral Relations: Through diplomatic engagements and collaborative projects, GNCCI works to strengthen the friendly and cordial relations between Guyana and Nigeria, fostering mutual respect and understanding.

  • Arbitration and Mediation Services: To promote a stable business environment, GNCCI offers arbitration services to resolve commercial disputes amicably and efficiently. They also facilitate mediations and international arbitrations, supporting fair dispute resolution in global commerce.

Recent Developments in Guyana-Nigeria Relations:

  • Commencement of Direct Commodity Trading: In March 2022, Guyana and Nigeria initiated direct commodity trading, marking a significant milestone in their economic relationship. The first shipment from Nigeria to Guyana included shea butter, and a reciprocal shipment from Guyana to Nigeria, primarily consisting of rum products, was anticipated later that year.

  • Strengthening Economic Cooperation: In June 2023, the Caribbean Export Development Agency signed a Memorandum of Understanding with key Nigerian private sector organizations to enhance economic cooperation. This agreement focuses on trade promotion, investment facilitation, and knowledge exchange, aiming to unlock new business opportunities and strengthen micro, small, and medium-scale enterprises (MSMEs) in both regions.

Through these initiatives and developments, GNCCI plays a pivotal role in advancing the commercial, cultural, sports, and economic interests of Guyana in Nigeria, fostering a mutually beneficial relationship between the two nations.

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Guyana Nigeria Chambers of Commerce and Investment

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