The Nigerian-Brazilian Chamber of Commerce and Industry (NBCCI) held its 3rd Anniversary cocktail in Lagos on October 2, 2012.

Top dignitaries from both public and private sectors of the economy that graced the occasion held at Oriental Hotels, Lekki, Lagos include Mrs. Olusola S. Oworu, the Lagos State Commissioner for Commerce and Industry, former Senior Special Assistant on Corporate Matters to Lagos State Governor and current Managing Director/CEO Lagos Ferry Maritime Industry Services Company, Mr. Babatunde Funsho-William, the Brazilian Acting Ambassador to Nigeria, Mr. Jose Mario Ferreira Filho, the President, Nigerian-Brazilian Chamber of Commerce and Industry, Mr. Emmanuel Ibru.

Others in attendance were Mr. Carlos Roorgues of Petrobra Nigeria, Balarabe Hassan of Bank of Industry, Ikeddy Isiguso of Vanguard Newspapers, and many other top company executives.

In his welcome address, the President of the Chamber, Mr. Ibru said the long historical ties between Nigeria and Brazil and their political and economic similarity make it imperative that the two countries earnestly pursue those values that will boost economic activities among them.

But be remarked that more is needed to be done to encourage balance of trade between the two countries. He said: “The total figure of bilateral trade between Nigeria and Brazil for 2011 stood at $9.6 billion. Nigerian import from Brazil was $1.2 billion while her export to Brazil was $8.4 billion.”

Mr. Filho, the Brazilian Acting Ambassador to Nigeria said Nigeria and Brazil have a lot to benefit if they mutually exploit the huge potentials that exist between them. According to him, the booming economy of Brazil can have a bear on Nigeria if strong bilateral relationship is maintained. The agricultural sector as well as the sports activities, especially the World Cup and the Olympics to be hosted by Brazil in 2014 and 2016 respectively, is major areas both Brazilian and Nigerian business community can tap into.

Among the strategies the Chamber has put in place to allow members to benefit fully are regular trade mission to Brazil as well as well as trade exhibitions in Nigeria, regular breakfast meeting and regular update of the Chambers website with timely information.

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