Henry Umoru
8 November 2009
FORMER Minister of Commerce and Industry, Ambassador Idris Waziri has disclosed that Nigeria and China have signed an agreement to stop the inflow of substandard and fake products from the latter into the country, just as he disclosed that the proposed first Nigeria-China Trade and Investment Forum will help put a stop to counterfeiting and importation of fake products into the country from China.
According to him, the Forum has become imperative for Nigeria against the backdrop that Nigeria can capture at least a good percentage of the China market which has a population of well over 1.4 bullion people, adding that when achieved, it would boost the economic growth of the country.
Addressing Journalists in Abuja on the forthcoming Forum slated for 9-11 November, 2009 with Vice President Goodluck Jonathan as the Special Guest to declare it open and the country's first Lady, Turai Yar'Adua as mother of the day with sixty companies expected to participate at the Forum holding in Abuja.
According to Waziri who is the Chairman of the Forum with theme,"Balancing Trade and Investment", "Apart from the fact that the government wants to stop inflow of substandard products, the Chinese are the best investors for the country at present considering where they are coming from.
Even with their technology, we cannot totally call them developed nation, whatever Nigeria is passing through today, they passed through too, so our ordeal is not strange to them. We are expecting not less than 60 Chinese companies for the Investment forum, they are expected to show interest in specific sectors they want to invest in.
"In achieving the vision 20-20 20, we are shifting from buying and selling to full industrialisation, the country needs capital, strong investment, they should bring their money, expertise and skill.
The government has already created the enabling environment for business to strive in all sectors, like the energy sector, Solid minerals, agriculture, communication, oil and gas, sectors etc".
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