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January 21, 2022
National News

NEF Wants Nigeria To Benefit From China’s Offers To Africa

By Matthew Ayoola

The Nigeria Entrepreneurs Forum, NEF, wants Nigeria to take advantage of offers made to Africa by China to enhance national economic development.

The President of NEF, Dr. Sidney Inegbedion made the call in Abuja at a forum on China-Africa Cooperation, FOCAC, Summit: Perspective On Nigeria.

Dr. Inegbedion identified 10 poverty reduction and agricultural projects as well as the setting up of China-Africa joint centers for agro-technology exchanges as some of the projects Nigeria should embrace for rapid growth.

He also stressed the need for Nigeria to support the Alliance of Chinese companies in partnership with Africa for corporate social responsibilities in launching an initiative of 100 companies in 1000 villages in the country.

The President of NEF equally sited the provision of 10 billion dollars to support Africa export and Invest in Africa Investment Promotion Programmes as well as another 10 billion dollars in the next 3 years to Africa with 10 industrialization projects and credit facilities to Small and Medium Enterprise, SMEs, as laudable offers Nigeria should also take advantage towards improving the well being of the citizens.

Dr. Inegbedion explained that that the one billion doses of vaccine to Africa including 600 million doses as donations while the 400 million doses would be based on joint production between Chinese and African companies should equally be considered.

According to him, all these offers announced by the Chinese President, Xi Jinping during the FOCAC summit held in Dakar Senegal in November 2021 is aimed at adding value to the development of the continent.

In a message, the Director of Investment Promotion, Federal Ministry of Industry, Trade and Investment, Mrs Kemi Arodudu commended NEF for the summit adding that it would go a long way in strengthening the bilateral relations between Nigeria and China.

On his part, the Executive Secretary, Federation of Agricultural Commodities Association of Nigeria, FACAN, Prince Peter Bakare said Nigeria is blessed with abundant agricultural, human and natural resources needed for national economic development.

Prince Bakare therefore called for more proactive measures towards the diversification of the nation’s economy.

The summit with the theme “Strengthening Nigeria-China Trade and Investment Relations In An Era Of Global Change” featured paper presentation and was attended by stakeholders in the private and public sector of the nation’s economy.

Editing by Enuwa Ochai

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