The Nigeria-American Chamber of Commerce (NACC), a leading bilateral trade and investment platform, marked a historic milestone on April 13, 2025, as it celebrated its 65th anniversary with a grand gala at the Lagos Continental Hotel, Victoria Island, Lagos. The prestigious event also witnessed the formal inauguration of Alhaji Sherrif Balogun as the 20th National President of the organization
Themed “The Power of Cooperation: 65 Years of Optimising Nigerian-American Economic Relations,” the event underscored the Chamber’s enduring commitment to fostering bilateral trade and investment between Nigeria and the United States.
The evening commenced with the rendition of the Nigerian and American national anthems, setting a tone of unity and shared purpose. Dignitaries from across the diplomatic, business, and public sectors gathered to commemorate the Chamber’s enduring legacy in fostering economic cooperation and mutual prosperity between Nigeria and the United States.Dignitaries from both nations including Nigeria’s Vice President, Alhaji Kashim Shettima, who served as the Special Guest of Honour, and Lagos State Governor, Babajide Sanwo-Olu, the Chief Host. Other notable attendees encompassed a diverse array of leaders from government, industry, and academia, reflecting the Chamber’s broad influence across sectors.
A highlight of the gala was the inauguration of Alhaji Sheriff Balogun as the 20th National President of NACC where the incoming new National president delivered an inaugural address outlining a bold vision to deepen U.S.-Nigeria economic ties. He introduced a 10-point strategic agenda focusing on SME development, export promotion, financing opportunities, and the establishment of business incubators and accelerators. These initiatives aim to enhance trade volume beyond $10 billion and unlock the full potential of Nigerian exports.
The evening also witnessed the induction of 40 new members into the Chamber—each one welcomed with a sense of pride and promise, symbolizing growth and renewed commitment to economic collaboration in a significant move towards future expansion.
Another key moment was the unveiling of the 3D model for NACC’s future multi-storey headquarters, a symbol of the Chamber’s forward-thinking agenda and long-term growth strategy.
True to its tradition of honoring excellence, NACC presented awards to outstanding Nigerian and American companies and individuals whose contributions have shaped the economic landscape. Past presidents were also honoured, in recognition of their leadership and enduring impact.
The event was chaired by Mr. Samaila Zubairu, President of the Africa Finance Corporation, and hosted by Governor Babajide Sanwo-Olu of Lagos State. The guest list included amongst numerous others, Vice President Kashim Shettima as the Special Guest of Honour, along with other notable figures such as Governor Uba Sani of Kaduna State, Governor Dauda Lawal of Zamfara State, Minister of Industry, Trade and Investment Dr. Jumoke Oduwole, Chief Michael Ade-Ojo, Otunba Bimbo Ashiru, Aare Afe Babalola, Catherine Uju Ifejika, Bashir Adewale Adeniyi, and Leo Stan Ekeh. Each guest brought prestige and perspective to the evening, making it not just a celebration, but a convergence of minds dedicated to economic growth and cooperation.
The grand celebration not only reflected on the Chamber’s impactful history since its establishment in 1960 but also set the tone for a renewed vision under Alhaji Balogun’s leadership.
The memorable evening was made more remarkable by the excellent culinary array of various delicacies which guests were exhorted to gorge buffet style. Empty bottles of champagne and beverage cans also bore testament to NACC’s strong stand on top notch hospitality
In his acceptance speech, Alhaji Sherrif Balogun expressed gratitude for the confidence reposed in him and emphasized a forward-looking agenda centered on innovation, sustainable partnerships, and expanding opportunities for Nigerian entrepreneurs within the U.S. market.
“We must leverage this long-standing relationship with the United States to create tangible value for our members and the broader Nigerian economy. My vision is to elevate the Chamber into a more dynamic platform for investment, trade facilitation, and business development,” Balogun stated.
The outgoing president, Dame Adebola Williams, was applauded for her exceptional service and dedication to deepening bilateral commercial ties. She passed the baton with optimism, praising Balogun’s business acumen and commitment to the Chamber’s mission.
With the inauguration of its 20th president, the NACC reaffirms its strategic role in strengthening Nigeria–U.S. relations and empowering local businesses to thrive on the global stage.
