The Ibadan Chamber of Commerce and Industry was established in 1962 for the promotion and protection of Trade and Industry and to represent and express the opinion of the business community on matters affecting Trade and Industry. It is incorporated in August, 1966 as a non-profit making organization and its income and property are applied solely for the promotion of its objects.
The Chamber is a leading member of Nigerian Association of Chamber of Commerce, Industry, Mine and Agriculture (NACCIMA) and is affiliated to the Federation of Commonwealth Chambers of Commerce (FWACC) and the International Chamber of Commerce (ICC). It has direct contacts with British and Foreign Chambers of Commerce throughout the trading world and it can thus give a world-wide Service to its members, individually and collectively.