To increase investment opportunities and support important industries of the country, China International Business and Development Corporation (CIBDC) has started a new strategic alliance with chosen Nigerian businesses.
Expected to increase local businesses’ capacity to get funding, improve productivity, and create jobs across several sectors, the move is being made possible by the Nigeria-China Investment Club (NCIC).
Signed during a formal event at Kings Court in Ikeja, Lagos, the agreement signals a fresh stage of China’s commitment to help to transform Nigeria economically. Under the new partnership, CIBDC will offer participating businesses financial and technical support so that they may get the supplies necessary for project completion and long-run sustainability.
Describing the agreement as a landmark in bilateral collaboration between Nigeria and China, the president of the Nigeria-China Investment Club, Dr. Chidi Ulelu, said in his remarks. He said the alliance is the first stage in a bigger structure to guide Chinese capital into essential areas like healthcare, education, agriculture, and banking, sectors thought to be essential for Nigeria’s economic revival.
Driven by the CIBDC, NCIC runs under millions of Chinese companies dedicated to development finance, Dr. Ulelu pointed out. He says that once businesses join the initiative, they are automatically members of the investment club, so they get access to strategic possibilities and possible cost savings. up to 50% on Chinese goods.
The News Chronicle learned that this pact is part of a larger strategy to prepare Nigerian companies for worldwide competitiveness by means of capacity building and cross-border cooperation. Insiders revealed that approved selected Nigerian businesses will fly to China to finish their investment plans by November—a move that might open new sources of money and technology transfers vital for long-term development.
Dr. Ulelu underlined as well the necessity of ongoing collaboration with CIBDC in developing institutional capacity, since Nigeria’s economic comeback relies on creative and authentic approaches for investing that produce noticeable outcomes. He went on to remark that the cooperation confirms China’s will to help Nigeria’s industrialization ambition and speed up growth in key industries.
