NACCIMA SEEKS STRONGER REGULATORY PARTNERSHIP TO BOOST GLOBAL COMPETITIVENESS OF NIGERIAN BUSINESSES
Oru Leonard
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for stronger collaboration between the private sector and regulatory agencies to promote quality standards, improve business compliance and enhance the global competitiveness of Nigerian products.
The call was made at NACCIMA’s November 2026 Breakfast Meeting, themed “Strengthening Regulatory Compliance for Competitive Nigerian Business,” which brought together stakeholders from the public and private sectors to examine regulatory challenges and opportunities for sustainable business development.
The Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye, who delivered the keynote address, emphasised the need for regulatory institutions and business organisations to work together in ensuring that Nigerian products meet internationally accepted standards.
Adeyeye noted that sustained collaboration between NAFDAC, other regulatory agencies and NACCIMA would help strengthen compliance among businesses, improve product quality and position Nigerian goods to compete effectively in international markets.
She also highlighted the importance of regulatory standards in safeguarding public health, protecting consumers and building confidence in locally manufactured products.
Representing NACCIMA National President, Engr. Jani Ibrahim, mni, OON, the association’s Second Deputy President, Asiwaju Dr. Michael Olawale-Cole, CON, MFR, described the private sector as a major driver of the Nigerian economy.
He stressed that initiatives aimed at improving business processes, product quality and adherence to regulatory standards were essential to building a competitive and sustainable economy.
Olawale-Cole appreciated the stakeholders who participated in the engagement and reaffirmed NACCIMA’s commitment to sustained dialogue with regulatory authorities and other industry players.
The breakfast meeting provided an avenue for business leaders, policymakers and institutional representatives to exchange ideas, share experiences and explore practical approaches to improving Nigeria’s business regulatory environment.
A major highlight of the event was the presentation of an appreciation plaque to Prof. Adeyeye by Dr. Olawale-Cole in recognition of her contributions to the meeting and her service to the country.
The association said the engagement further demonstrated its determination to strengthen public-private sector partnerships, promote institutional cooperation and advocate policies that will facilitate business growth and improve the competitiveness of Nigerian enterprises.
The November 2026 Breakfast Forum was sponsored by First Bank of Nigeria as the Main/Gold Sponsor, with support from Nigerian Bottling Company, Dariltweens Nigeria Limited, Johnvent Nigeria Limited and Ibukun Efuntayo & Co.
Product sponsors included Rite Foods, Cway and 7Up.
(NACCIMA Media)
