ODUACCIMA was established 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 in the South-Western part of Nigeria and where applicable, the whole Federation. It is a non-profit making organisation and its income and property are applied solely for the promotion of its objectives.

It is the central organisation for collecting distributing and disseminating information of a business nature, especially regulations, tariffs, opportunities for trade and other matters affecting Home and Overseas markets.

In the pursuit of its objectives, the Chamber is committed to no political creed.

The Council of the Chamber is the highest policy making body and usually meets bi-monthly on the first Wednesday to deliberate on issues of importance to the Chamber, the business sector and the economy. Members, who are not individual members of the Council, are welcome to attend as observers.

Standing Committees and Sector Groups were setup to cater for a variety of interests.

Letters of introduction can be issued to members for business and trade purposes. The Chamber also facilitates networking with institutions abroad and confirms references of local members.

The Chamber is recognized as the official body through which local opinion on commercial and industrial matters can be presented directly to Government or other authorities both national and local. It is frequently consulted by government in advance of the preparation of new legislation affecting the business community.