The National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has signed a memorandum of understanding with the China Chamber of International Commerce (CCOIC) in Guangzhou, seeking to deepen trade and investment ties between the two countries.
NACCIMA stated that the agreement will enable Chinese investors to navigate Nigeria’s market and understand the business landscape, thereby making informed decisions.
The signing took place at Merchants Bank’s Huanshi Sub-branch in Guangzhou and was attended by Mairo Abbas, Nigeria’s consul-general, and Goni Dunoma, first deputy president of the Borno Chamber of Commerce, among others.
Jani Ibrahim, president of NACCIMA, emphasised that Nigeria remains the go-to country in Africa for Chinese investors considering its large population, expansive market and huge economic potential.
Ibrahim said the group is ready to assist Chinese firms in making “informed decisions and fruitful investment choices” in Nigeria.
He praised China’s zero-tariff policy as a “game-changer” for bilateral trade and urged both governments to accelerate plans for direct flights, citing strong passenger traffic on the route.
In her remarks, Mairo Abbas said Nigeria and China share a long history of relations and economic cooperation.
Abbas said the Nigerian consulate in Guangzhou will back initiatives that deepen ties and invited Chinese investors to consider Nigeria, pointing to policies introduced by President Bola Tinubu’s administration.
Huang Xiaofeng, vice president of CCPIT Guangzhou, pledged continued support for industry and trade promotion between the two nations.
The event included industry-specific matchmaking sessions between Nigerian and Chinese firms.
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