A skills and technology transfer Memorandum of Understanding (MoU) has been signed by the Nigerian government with the Sanshui District Bureau of Economy, Science and Technology Development Promotion in China.
Another aspect of the MoU is a trade cooperation agreement signed by several factories operating in the industrial park within the Sanshui Economic Development Zones, some of whom have promised to open Nigerian offices later this year.
Samuel Ortom, the minister of state for trade and investment, lead the Nigerian delegation and signed the MoU on behalf of the government.
Ortom said: “We are looking at areas where we have comparative and competitive advantage and the areas where we have the raw materials in abundance and lack the technology.
“I believe a lot of good things will come out of this, more especially at a time the Nigerian government is looking forward for investment in all sectors of the economy and we are willing to accept all investors coming from China for investment purposes.
“This is what my ministry is doing, to provide for an enabling and conducive environment for investments. This, I believe will go a long way in strengthening the Nigeria-China relationship.”
William Wang, the leader of the Chinese delegation, described the delegation’s visit to China as the outset of several similar initiatives.
He said: “This event is just the beginning of activities which will be held by Africa Investment Net this year to promote investment in Nigeria.
“We want to provide a platform for the matchmaking of projects between Nigeria and China so that Chinese investors will get more information about the investment environment in Nigeria.
“Through years of study and investigation, we think that Nigeria is one of the African countries which has the greatest potentials of development, and also has biggest comparatives of economy with China.”
