GNCCT’s Annual Spring Event 2019:  Redefining Strategic Growth Markets – the Case for Africa

GNCCT’s Annual Spring Event 2019: Redefining Strategic Growth Markets – the Case for Africa

GNCCT successfully organized its 2019 Annual Spring Event titled “Redefining Strategic Growth Markets – the Case for Africa” at the Athens Marriott Hotel, on Wednesday, 13th of March 2019.

The event was held under the auspices of the Nigerian Embassy in Greece and aimed at bringing together Business owners and Executives interested in Exports and International Development and especially those interested in Africa.

Approximately 150 persons participated, Greek and Foreign Business Owners and Executives, prominent members of the communities and heads of related Associations.

Prominent speakers honored the conference, amongst which Mr. S. Pitsiorlas, Deputy Minister of Economy & Development, Mr. K. Chatzidakis, VP New Democracy, Former Minister of Transport and Development, Mr. P. Papazoglou, Managing Partner EY, CESA Markets Leader, Mr. T. Paschalides, CEO, GRANTEX SA and Mr. M. Economakis, Executive Vice Chairman & CEO, AG Leventis Group.

The conference focused on the growth potential of different markets, their outlook and opportunities, and further information concerning Africa and Nigeria.


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GNCCT’s Conference 2018:  Making Business in Nigeria

GNCCT’s Conference 2018: Making Business in Nigeria

The great opportunity for Greek Businesses in Nigeria was highlighted by the conference co-organized by ACCI (EBEA) with the Greek-Nigerian Chamber of Commerce and Technology, on 23rd February 2018, at the premises of ACCI in Athens.
As has been pointed out by all speakers, Africa is the most privileged investment destination in the world, with Nigeria, Africa's largest economy, at the forefront. Greek entrepreneurs had the opportunity to learn about the size and positive outlook of the Nigerian economy, which rank it among the most attractive investment destinations in Africa.

Investments of USD 5 Billion in 2017 from Greek Enterprises in Nigeria
In his speech, Olukayode Pitan, Managing Director / CEO of the Nigerian Bank of Industry, revealed that Greek companies operating in Nigeria in 2017 invested more than $ 5 billion in the country. Indeed, as the Nigerian Bank Of Industry has pointed out, it has supported Greek businesses in Nigeria by providing loans of over $ 160 million. Mr Olukayode Pitan also said there were significant business leverage opportunities between Greece and Nigeria. Today, as ever, he stressed, there is state support for promoting investment that will create new jobs, whatever the size.

Urbanization, the middle class and rising consumer spending
For his part, Mr. Michalis Economikas, Executive Vice Chairman / CEO of AG Leventis Group, emphasized the structure and market size, stressing that Nigeria is Africa's most populous country, with a rapidly growing population of 186 million. As he said, 53% of the population is 15-64 years old, while the average age is 19 years. He underlined that Nigeria is Africa's largest economy and that there has been a trend of urbanization in recent years, while increasing the proportion of the middle class, with a corresponding increase in consumer spending.

Priority in the primary sector and in infrastructure
Mrs Yewande Sadikue, Executive Secretary / CEO of NIGERIAN INVESTMENT PROMOTION COMMISSION, said that Africa today is the most attractive investment destination in the world, while referring to Nigeria as a top priority for investment in primary sector and improvement of rural infrastructure.
Mrs Yewande Sadiku presented in detail (attached table) the sectors of the economy that the government has prioritized and the requirements for private sector investment.

The Greek experience
Finally, Mr. Vassilis Kotsis, CEO of Euro Construction Company SA and Vice President of the Greek -Nigerian Chamber of Commerce, presented his own positive experience in Nigeria, since his company has built and operated dozens of wastewater and waste management facilities since 2000. The company is going to implement 2.5 million euro projects in Nigeria in the near future.













The Greek Nigerian Chamber of Commerce and Technology (GNCCT) with the cooperation of the Nigerian Embassy in Greece organized a very successful two day Trade Mission to Lagos Nigeria (28-30/06/15).

The Greek Mission was led by the GNCCT President Mr. Ninos Yiamakis and followed by members of the board of GNCCT as well as 15 Greek Businessmen, looking to extend their activities in Nigeria.

This ‘’ Getting together’’ of the two business communities was hosted by NACCIMA (Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture), who also participated in this event, kicking off a new era in the cooperation of the two countries.

Main speakers in the event were Chief Bassey E.O. Edem (NACCIMA National President), Mr. Ninos Yamakis (President GNCCT), HE (Mr) Ayodeji L. Ayodele (Nigerian Ambassador to Hellenic Republic), Mr. Michael Economakis (on behalf of HE (Mr) Alekos Economopoulos (Greek Ambassador to Federal Republic of Nigeria) and HE (Mr). A.A Musa (Permanent Secretary, Federal Ministry of Industry, Trade & Investments)


The Greek Nigerian Chamber of Commerce and Technology (GNCCT) in Athens is a dynamic, independent, non-government body which represents companies of all sizes and origins with business interest in Nigeria and Greece. The Greek-Nigerian Chamber of Commerce and Technology (GNCCT) was founded in 1999 to promote bilateral business and investment activities between the Greek and Nigerian private sector.


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